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To the exporter, the fastest and safest method of settlement is( B )
letter of credit B. cash in advance C. open account D. banker?s draft
To the importer, the most favorable method of settlement is ( C )
letter of credit B. cash in advance C. open account D. collection
Which of the following payment method is based on commercial credit?( C )
letter of credit B.bank guarantee C. collection D. standby credit
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
C. importer; importer D. exporter; exporter
International cash settlement has the following disadvantages except( B )
expensive B. safe C. risky D. time-consuming
CHIPS is the electronic clearing system for ( B )
GBP B. USD C.CNY D. EUR
CHAPS is the electronic clearing system for ( A )
GBP B. USD C.CNY D. EUR
BOJ-NET is the electronic clearing system for ( D )
USD B. GBP C.EUR D.JPY
TARGET is the electronic clearing system for ( C )
USD B. GBP C.EUR D.JPY
CHATS is the electronic clearing system for ( D )
USD B. GBP C.EUR D.HKD
From a Chinese bank?s point ovf iew , the current account it maintains abroad is known as ( A )
a nostro account B. a vostro account
C. a current account D.a home currency account
From a Chinese bank?s point of view , the current account maintained by a foreign bank with him is known as (B )
a nostro account B.a vostro account
C.a current account D.a foreign currency account
International trade settlement methods are used to complete the money transfer aroused by ( A)
goods transactions B. services supply
C. security investment D. investment incomes
Documentary credit business is subject to ( A )
UCP600 B.URC522 C. URDG758 D. ISP98
Collection business is subject to ( B )
UCP600 B.URC522 C. URDG758 D. ISP98
Standby credit business is subject to ( D )
UCP600 B.URC522 C. URDG758 D. ISP98
Letter of guarantee business is subject to ( C )
UCP600 B.URC522 C. URDG75
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