简答题Revolving letter of credit can avoid the need for repetitive arrangements to open a new letter of credit for every transaction. A、正确 B、错误简答题A letter of credit must bear a valid period, the shipping date should ________ the validity date of the credit. A、be later than B、not be later than C、be earlier than D、be same time as简答题The importer makes forward payment whereas the exporter makes sight collection from the drawee bank that is responsible for discounting, which is called ________. A、Sight L/C B、Time L/C C、Usance L/C D、Usance Credit Payable at Sight简答题The major credit instruments used for making international payments are ________ . A、Bill of Exchange B、Promissory Note C、Currency D、Cheque简答题Under a L/C transaction, when the goods do not conform to the sales contract, the bank may stop payment immediately even if the documents are correct and complete. A、正确 B、错误简答题________ is mainly used for payment in advance, cash with order, cash on delivery, open account trade, down payment, installment and commission payment. A、Remittance B、Clean collection C、Documentary collection D、Letter of credit简答题The functions of all the methods of payment can perform are settlement, risk mitigation, and financing. A、正确 B、错误简答题Funds sent between institutions are transferred through ________ for international transfers. A、WTO B、IMF C、SWIFT D、WB简答题The main parties of a typical letter of credit transaction are________. A、applicant B、beneficiary C、issuing bank D、advising bank简答题Payment instruments, also known as ________, are essential part of payment systems. A、payment methods B、credit methods C、credit instruments D、negotiable instruments简答题Under remittance, ________ is more frequently used in international trade. A、M/T B、T/T C、D/D D、currency简答题Different from remittance, collection belongs to commercial credit. A、正确 B、错误简答题Letter of Credit is a kind of ________, and is known to be one of the safest payment options for importers in international trade transactions. A、commercial credit B、trade credit C、bank credit D、public credit简答题Revocable letters of credit have been removed from UCP 600. A、正确 B、错误简答题Based on whether the drafts under the credit are accompanied by shipping documents, there are ________. A、Documentary L/C B、Clean L/C C、Transferable L/C D、Non-transferable L/C简答题A bill of exchange transaction can involve up to some parties: ________. A、drawer B、drawee C、payee D、bank简答题A cheque is an unconditional order drawn on a banker, instructing a bank to take funds from the buyer's account and transfer the money to the seller's account. A、正确 B、错误简答题Among the following descriptions, ________ are correct. A、D/A is applicable only to a sight bill B、D/A is always at sight C、D/A is applicable only to a time bill D、D/A is always after sight简答题The stipulation in the L/C should be exactly in accordance with the terms stated in the ________ signed by both parties. A、Incoterms B、S/C C、CISG D、UCP简答题If the funds are to be paid immediately or on-demand, the bill of exchange is known as ______. A、a commercial draft B、a credit draft C、a sight draft D、a time draft