国际结算英文选择题90(附答案)

1.Totheexporter,thefastestandsafestmethodofsettlementis(B)

A.letterofcreditB.cashinadvanceC.openaccountD.banker’sdraft

2.Totheimporter,themostfavorablemethodofsettlementis(C)A.letterofcreditB.cashinadvanceC.openaccountD.collection

3.Whichofthefollowingpaymentmethodisbasedoncommercialcredit?(C)

A.letterofcreditB.bankguaranteeC.collectionD.standbycredit4.AnexportersellsgoodstoacustomerabroadonFOBandonCIFterms,whoisresponsibleforthefreightchargesineach?(A)

A.importer;exporterB.exporter;importer

C.importer;importerD.exporter;exporter

5.Internationalcashsettlementhasthefollowingdisadvantagesexcept(B)

A.expensiveB.safeC.riskyD.time-consuming

6.CHIPSistheelectronicclearingsystemfor(B)A.GBPB.USDC.CNYD.EUR

7.CHAPSistheelectronicclearingsystemfor(A)A.GBPB.USDC.CNYD.EUR

8.BOJ-NETistheelectronicclearingsystemfor(D)

A.USDB.GBPC.EURD.JPY

9.TARGETistheelectronicclearingsystemfor(C)

A.USDB.GBPC.EURD.JPY

10.CHATSistheelectronicclearingsystemfor(D)

A.USDB.GBPC.EURD.HKD

11.FromaChinesebank’spointofview,thecurrentaccountitmaintainsabroadisknownas(A)

A.anostroaccountB.avostroaccount

C.acurrentaccountD.ahomecurrencyaccount

12.FromaChinesebank’spointofview,thecurrentaccountmaintainedbyaforeignbankwithhimisknownas(B)

A.anostroaccountB.avostroaccount

C.acurrentaccountD.aforeigncurrencyaccount

13.Internationaltradesettlementmethodsareusedtocompletethemoneytransferarousedby(A)

A.goodstransactionsB.servicessupply

C.securityinvestmentD.investmentincomes

14.Documentarycreditbusinessissubjectto(A)

A.UCP600B.URC522C.URDG758D.ISP98

15.Collectionbusinessissubjectto(B)

A.UCP600B.URC522C.URDG758D.ISP98

16.Standbycreditbusinessissubjectto(D)

A.UCP600B.URC522C.URDG758D.ISP98

17.Letterofguaranteebusinessissubjectto(C)

A.UCP600B.URC522C.URDG758D.ISP98

18.Londonistheclearingcentrefor(B)

A.USDB.GBPC.EURD.HKD

19.NewYorkistheclearingcentrefor(A)

A.USDB.GBPC.EURD.HKD

20.Tokyoistheclearingcentrefor(D)

A.USDB.GBPC.EURD.JPY

21.Frankfurtistheclearingcentrefor(C)

A.USDB.GBPC.EURD.HKD

22.Amongthefollowingdocuments,theonewhichisnotregardedascontroldocumentsis(D)

A.authorizedsignaturesB.testkeys

C.scheduleoftermsandconditionsD.correspondentarrangement

23.Thesellershouldarrangefortheinsuranceofthegoodstransportationunder(C)

A.FOBB.CFRC.CIFD.EXW

24.(A)chequecanbecashedoverthecounterofpayingbank.A.AnopenB.AcrossedC.AgeneralcrossingD.Aspecialcrossing25.Theeffectofablankendorsementistomakeanegotiableinstrumentpayabletothe(C)

A.specifiedpersonB,orderofaspecifiedpersonC.bearerD.namedperson

26.Ifthebillispayable“60daysafterdate”,thedateofpaymentisdecidedaccordingto(C)

A.thedateofacceptanceB.thedateofpresentation

C.thedateofissuanceD.thedateofmaturity

27.Thepartytowhomthebillisaddressediscalledthe(B)

A.drawerB.draweeC.holderD.payee

28.Whenfinancingiswithoutrecourse,thismeansthatthebankhasnorecoursetothe(D)ifsuchdraftsaredishonored.

A.payerB.draweeC.acceptorD.drawer

29.The(C)ofapromissorynoteassumestheprimeliabilitytomakepaymentofthenote.

A.holderB.draweeC.makerD.acceptor

30.Thebillwhichmustbepresentedforacceptanceis(B)

A.thebillpayableatxxdaysafterdateB.thebillpayablexxdaysaftersight

C.thebillpayableonafixeddateD.thebillpayableatsight

31.Inordertoretaintheliabilitiesoftheotherparties,abillthathasbeendishonoredmustbe(A)

A.protestedB.giventotheacceptor

C.retainedinthefilesD.presentedtoabank32.(C)isnotaholderofabill

A.PayeeB.EndorseeC.DrawerD.Bearer

33.Whichofthefollowingisarelativeessentialitemofabill?(B)

A.amountB.tenorC.payeeD.drawee

34.Anendorsement,whichprohibitsthefurthernegotiationoftheinstrument,iscalled(D)endorsement.

A.qualifiedB.generalC.specificD.restrictive

35.Acheckisa(D)draftdrawnonabank

A.timeB.usanceC.directD.demand

36.Theactwhichisneverinvolvedinpromissorynotebusinessis(C)A.endorsementB.dishonorC.acceptanceD.presentation

37.Theactwhichisneverinvolvedincheckbusinessis(C)

A.endorsementB.dishonorC.acceptanceD.presentation

38.Theacceptorofabillisthepersonwhooriginallynamedas(B)ofthebill.

A.drawerB.draweeC.payeeD.endorser

39.Thefirstholderofabillisthe(C)ofthebill

A.drawerB.draweeC.payeeD.acceptor

40.Amongthefollowingcrossedcheques,theonewhichcontainsthewords(D)isaspecialcrossedcheque.

A.bankerB.notnegotiableC.A/CpayeeD.BankofChina

41.Themeansofauthenticatingpaymentorderinmailtransferisthe(D)

A.SWIFTauthentickeyB.scheduleoftermsandconditions

C.testkeyD.authorizedsignatures

42.Themeansofauthenticatingpaymentorderintelegraphictransferisthe(C)

A.correspondentarrangementB.scheduleoftermsandconditions

C.testkeyD.authorizedsignatures

43.Whichofthefollowingisnotamethodofremittance?(C)

A.M/TB.T/TC.T/RD.D/D

44.Openaccountasapaymentmethodisusuallyusedwhen(D)

A.goodsaresoldundertheseller’smarketcondition

B.goodsarebadlyneededbythebuyer

C.goodsareofspecialstandardsorspecialspecificationsD.goodsaresoldunderthebuyer’smarketcondition

45.Ifthereimbursementinstructionwrittenonthepaymentorderisexpressedas‘incover,wehavecreditedyourA/Cwithus’,theA/Crelationshipbetweentheremittingbankandthepayingbankmustbe(A)

A.thepayingbankmaintainsanA/Cwithremittingbank

B.theremittingbankmaintainsanA/Cwithpayingbank

C.bothremittingbankandpayingbankmaintaintheirA/Cswithathirdbank

D.remittingbankandpayingbankhavetheirA/Cswithtwodifferentbanks

46.Ifthereimbursementinstructionwrittenonthepaymentorderis

expressedas‘incover,pleasedebitourA/Cwithyou’,theA/Crelationshipbetweentheremittingbankandthepayingbankmustbe(B)

A.thepayingbankmaintainsanA/Cwithremittingbank

B.theremittingbankmaintainsanA/Cwithpayingbank

C.bothremittingbankandpayingbankmaintaintheirA/Cswithathirdbank

D.remittingbankandpayingbankhavetheirA/Cswithtwodifferentbanks

47.Ifthereimbursementinstructionwrittenonthepaymentorderisexpressedas‘incover,wehaveauthorizedBankAtodebitourA/CandcredityourA/Cwiththem’,theA/Crelationshipbetweentheremittingbankandthepayingbankmustbe(C)

A.thepayingbankmaintainsanA/Cwithremittingbank

B.theremittingbankmaintainsanA/Cwithpayingbank

C.bothremittingbankandpayingbankmaintaintheirA/Cswithathirdbank

D.remittingbankandpayingbankhavetheirA/Cswithtwodifferentbanks

48.Ifthereimbursementinstructionwrittenonthepaymentorderisexpressedas‘incover,wehaveinstructedBankXtotransfertheproceedstoyourA/CwithbankY’,theA/Crelationshipbetweentheremittingbankandthepayingbankmustbe(D)

A.thepayingbankmaintainsanA/Cwithremittingbank

B.theremittingbankmaintainsanA/Cwithpayingbank

C.bothremittingbankandpayingbankmaintaintheirA/Cswithathirdbank

D.remittingbankandpayingbankhavetheirA/Cswithtwodifferentbanks

49.Itwillbemoreconvenientifthecollectingbankappointedbytheseller(B)

A.isalargebank

B.istheremittingbank’scorrespondentintheplaceoftheimporter

C.isintheexporter’scountry

D.actsontheimporter’sinstructions

50.UnderD/P,thedocumentswillnotbedeliveredtothebuyeruntil(D)

A.thegoodshavearrived

B.thedocumentshavearrived

C.thedocumentsarepresentedtothebuyer

D.thebillispaidbythebuyer

51.UnderD/A,thedocumentswillnotbedeliveredtothebuyeruntil(D)

A.thegoodshavearrived

B.thedocumentshavearrived

C.thedocumentsarepresentedtothebuyer

D.thebillisacceptedbythebuyer

52.Incollectionbusiness,banksareobligatedtocheckthedocuments

receivedtoseethat(C)

A.theyareauthentic

B.theyareregular

C.theyarethesameasthoselistedinthecollectioninstruction

D.theyareintherightform

53.Abillofexchangewhichisaccompaniedbyshippingdocumentsisknownas(B)

A.acleanbill

B.adocumentarybill

C.acleancollection

D.adocumentarycollection

54.Indocumentarycollection,afterthegoodshavebeenshipped,theexporterpresentsthedocumentsto(C)forcollection

A.thecollectingbank

B.thereimbursingbank

C.theremittingbank

D.theopeningbank

55.Whichofthefollowingisnottheobligationofremittingbankincollection?(D)

A.tocompleteacollectionorderstrictlyaccordingtotheprincipal’sinstructions.

B.toperformfollowingalltheinstructionsgivenbytheprincipal.

C.tokeepthedocumentswell

D.toexaminethecontentsofdocumentsindetail

56.Whichofthefollowingisnottheobligationofthecollectingbank?(B)

A.toverifytheauthenticityofthecollectionorder

B.totakecareofgoods

C.toreleasedocumentsstrictlyonthedeliverytermsofdocuments.D.toperformfollowingalltheinstructionsgivenbytheremittingbank.

57.Incollectionbusiness,thedrawerofthedraftforcollectionis(A)

A.sellerB.buyerC.remittingbankD.collectingbank

58.Incollectionbusiness,thedraweeofthedraftforcollectionis(B)

A.sellerB.buyerC.remittingbankD.collectingbank

59.Ifthecollectioninstructiongivenbytheprincipalspecifiesthatcollectionchargesaretobebornebythedraweebutwithnoexpressstatementthattheymaynotbewaived,chargeswillbefortheaccountof(A)providingthedraweerefusestopaythem.

A.principalB.remittingbankC.collectingbankD.presentingbank

60.Thepricetermwhichismorefavorabletothesellerundercollectionis(D)

A.EXWB.FOBC.CFRD.CIF

61.InL/Cbusiness,theexportercanreceivethepaymentonlywhen(C)

A.hehasshippedthegoods

B.hehaspresentedthedocuments

C.thedocumentspresentedconstituteacomplyingpresentationD.theimporterhastakendeliveryofthegoods.

62.InL/Cbusiness,theissuingbankcanrefusetopaythecreditamountwhen(C)

A.theapplicantpreventshimfrommakingpayment

B.thegoodsarenotthesameasthosestipulatedinthesalescontractC.onekindofdocumentrequiredbyL/Cisn’tpresented.

D.balanceoftheapplicant’saccountisnotenoughforpayment.63.OfthefollowingkindsofL/C,(B)istheL/Cwhichrequiresnodraftsatall.

A.sightpaymentcredit

B.deferredpaymentcredit

C.acceptancecredit

D.negotiationcredit

64.OfthefollowingkindsofL/C,(C)istheL/Cinwhichdraftsare

alwaysrequired.

A.sightpaymentcredit

B.deferredpaymentcredit

C.acceptancecredit

D.negotiationcredit

65.OfthefollowingkindsofL/C,(D)istheL/Cwhichisespeciallysuitableforusetosettlethepaymentoftradeconductedthroughamiddleman.

A.non-transferablecredit

B.reciprocalcredit

C.revolvingcredit

D.backtobackcredit

66.OfthefollowingkindsofL/C,(A)istheL/Cwhichisespeciallysuitableforusetosettlethepaymentoftradeconductedthroughamiddleman.

A.transferablecredit

B.reciprocalcredit

C.revolvingcreditD.confirmedcredit

67OfthefollowingkindsofL/C,(C)istheL/Cwhichisespeciallysuitableforusetosettlethepaymentunderalongtermcontractcoveringgoodstobetransportedbyregularpartialshipments.

A.non-transferablecredit

B.reciprocalcredit

C.revolvingcredit

D.backtobackcredit

68.OfthefollowingkindsofL/C,(B)istheL/Cwhichisespecially

suitableforusetosettlethepaymentundercountertrade.

A.non-transferablecredit

B.reciprocalcredit

C.revolvingcredit

D.backtobackcredit

69.Confirmationofacreditmaybegivenby(B)

A.thebeneficiaryattherequestoftheimporter

B.theadvisingbankattherequestoftheissuingbank

C.theadvisingbankafterthereceiptofcorrectdocumentation

D.theissuingbankafterthereceiptofcorrectdocumentation

70.Thecreditmayonlybeconfirmedifitissoauthorizedorallowed

by(A)

A.theissuingbank

B.thesupplier

C.theadvisingbank

D.thebeneficiary

71.Thesecondbeneficiaryofatransferableletterofcreditisthe

(D)

A.middleman

B.transferringbank

C.theapplicantofthetransferredcredit

D.realsupplierofthegoods

72.Thefirstbeneficiaryofatransferableletterofcreditisthe

(A)

A.middleman

B.transferringbank

C.theapplicantofthetransferredcredit

D.realsupplierofthegoods

73.Theredclausecreditisoftenusedasamethodof(B)

A.providingthebuyerwithfundspriortoshipment

B.providingthesellerwithfundspriortoshipment

C.providingthebuyerwithfundsaftershipment

D.providingthesellerwithfundsaftershipment

74.Anapplicantmustreimburseanissuingbankunlesshefindsthat

(D)

A.goodsaredefective

B.goodsarenotasorderedinthesalescontract

C.documentsreceiveddonotallowhimtoclearthegoodsthroughcustoms

D.documentsdonotconformonthefacetothetermsandconditionsof

thecredit

75.Applicationforanyamendmenttoaletterofcreditshouldbegiven

totheissuingbankby(A)

A.theapplicant

B.thebeneficiary

C.theadvisingbank

D.thenominatedbank

76.ThemessagetypewhichisusedtosendaamendmentnoticeofadocumentarycreditthroughSWIFTisnumbered(C)

A.700B.705C.707D.710

77.Amongallthefinancialmethodsmentionedbellow,whichmethodprovidesfundswithoutrecourse？(C)

A.packingloans

B.billdiscounting

C.forfaiting

D.borrowingdocsagainstT/R

78.Underletterofcredit,theprimarydebtoristhe(C)

A.applicantB.importerC.issuingbankD.nominatedbank

79.Theapplicantofletterofcreditis(B)

A.theexporterB.theimporterC.theexporter’sbankD.theimporter’sbank

80.Thebeneficiaryofletterofcreditis(A)

A.theexporterB.theimporterC.theexporter’sbankD.theimporter’sbank

81.AletterofcreditwhichisexpiredonOct.1,2008specifiesthat“documentsmustbepresentedwithin15daysaftertheonboarddateofbilloflading”.IftheonboarddateofbillofladingisSep.10,2008,thelatestdateofpresentationmustbe(B)

A.Sep.24,2008B.Sep.25,2008C.Sep.26,2008D.Oct.1,2008

82.Ifthereisnoindicationinthecreditoftheinsurancecoveragerequired,theamountofinsurancecoveragemustbeatleast(C)oftheCIForCIPvalueofthegoods.

A.100%B.105%C.110%D.120%

83.Whichofthefollowingactionsperformedbythenominatedbankisnotregardastheactionofhonor(D)

A.topayatsightundersightpaymentcredit

B.toincuradeferredpaymentundertakingandpayatmaturityunderdeferred

paymentcredit

C.toacceptthedraftandpayatmaturityu