国际贸易实务（双语版） 答案 Unit4.docVIP

Unit 4 Exercises I. There are some abbreviations in this unit, please write out the full name of the following abbreviations: M/T______信汇__________ T/T_____电汇______ L/C____信用证_________ B/E______汇票___________ D/A_____承兑交单____ D/P_____付款交单_______ D/D______票汇__________ UCP 跟单信用证统一惯例 URC托收统一规则 II. Decide whether the following statements are true or false. 1.T 2. T 3. F 4. F 5. T 6. F 7. T 8. F 9. F 10. F 11. T 2. “Pay to MNM Co. or order the sum of one million US dollars” is a valid draft. ( ) 3. “Pay from our No.3 account to Tony Lee the sum of five thousand US dollars” is an invalid draft. ( ) 4. The confirming bank must extend its confirmation to the amendment. ( ) 5. Under back-to-back credit, the first credit serves as collateral for the second credit. ( ) 6. The drawer of a draft is the importer. ( ) 7. When a bill is dishonored by non-acceptance, the holder can exercise the right of recourse. ( ) 8. The drawer of a bill is totally liable on the bill. ( ) 9. Telegraphic transfer means that the remitting bank delivers the T/T advice or payment order by mail through the post agencies to the paying bank. ( ) 10. Under documentary collection, the remitting bank should guarantee payment. ( ) 11. In D/A terms, the buyer takes possession of the goods before payment is made. ( ) III. What are the differences between bills of exchange, promissory notes and checks. Bills of exchange Promissory notes Checks definition It is an unconditional order to pay. It is an unconditional promise to pay. It is an unconditional order to pay. Basic parities The drawer, the payee, and the drawee The maker and the payee The drawer, the payee, the drawee Payer The payer can be individual persons, firms or banks The payer is the maker. The payer must be banks Acceptance or not Time draft should be accepted. It is never accepted. It need not be accepted. Original and copies It can be issued in two or a s