国际结算课后练习.docxVIP

Chapter Two Decide whether the following statements are true or false. Under non-trade settlement, the most common means to carry funds are cash, TOC \o 1-5 \h \z travelers check, travelers letter of credit and credit card. ( ) Nostro account is an account (due to account) held by a bank on behalf of a correspondent bank.( ) Bills of exchange were created in the sixteenth century.( ) The authorized signatures are used for authentication of the messages, letters, remittances, letters of credit, etc .addressed by the bank to its correspond?nt bank.() From an American banks view, a Nostro account is a dollar account held for its overseas correspondents.( ) Choose the best answer to each of the following statements. From the point of view of a Chinese bank, is our banks account in the books of an overseas bank , denomin ated in foreig n cur re ncy. a vostro account B. a nostro account C. a mirror account D. a record account There are four main methods of securing payment in inter national trade: TOC \o 1-5 \h \z (l)payment under documentary credit; (2) open account; (3) collection; (4) payment in advanee. From an exporters point of view, the order of preference is . A. (1), (2),⑶,(4) B. (4), (3), (1),⑵ C.⑷,(1), (3),⑵ D. (2),⑷,(1),⑶ The documentary collection provides the seller with a greater degree of protection than shipping on . documentary credit B. banker5s letter of guarantee C. banker5s draft D? open account An exporter sells goods to a customer abroad on FOB and on CIF terms, Who is responsible for the freight charges in each? . A. Importer, exporter B. Exporter, importer Importer, importer D. Exporter, exporter Foreign trade can be conducted on the following terms except for . A. open account B. documentary collection C? documentary credit D. public bonds A bank gets to know its exact position of funds by . reflecting the credit balance examining the mirror account C? consulting a foreign bank checking the nostro account If bank of China instructs Bank of Am