金陵科技学院《国际结算》英文版习题集.docx

金陵科技学院《国际结算》英文版习题集.docx

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金陵科技学院《国际结算》英文版习题集

金陵科技学院《国际结算》（英文版）习题集

《国际结算》（英文版）习题集

Chapter1:

InternationalSettlementunderGlobalization

5.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.

（1）Greaterimportsofferconsumersawidervarietyofgoodsathigherprices,whileprovidingstrongincentivesfordomesticindustriestoremaincompetitive.（）

（2）Informationtechnologymakestheinternationaltrademoreefficientthanever.（）

（3）Internationallendingisoftenaccompaniedbyinternationalpayments.（）

（4）UnderthetermCFR,itistheseller’sresponsibilitytoinsurethegoodstransported.

（5）Cashinadvance,openaccount,collectionanddocumentarycreditaretheusualmethodsofpaymenttosettleinternationaltradetransactions.（）

（6）Totheexporterofgoods,themostsatisfactoryarrangementasfaraspaymentisconcernedistoreceiveitinadvance.（）

（7）Tradeonopenaccountarrangementusuallysatisfiestheseller’sdesireforcashandtheimport’sdesireforcredit.（）

6.Pleasechoosetheanswerstoeachofthefollowingquestions.

（1）internationalpaymentsandsettlementsmayarisefrom（）.

A.commercialpaymentsB.paymentsfortheservicesrendered

C.paymentsbetweengovernmentsD.transferoffundsamongcountries.

（2）Anadditionalriskbornebythesellerwhengrantingacredittothebuyeristhatthelatterwillnot_______.

A.acceptthebillB.takeupthedocuments

C.takedeliveryD.makepaymentatmaturity

（3）Totheexporter,thefastestandsafestmethodofsettlementis_____.

A.letterofcreditB.advancepayment

C.collectionD.banker’sdraft

（4）Totheimporter,thefastestandsafestmethodofsettlementis_____.

A.letterofcreditB.cashinadvance

C.openaccountD.banker’sdraft

7.Pleaseanswerthefollowingquestions.

（1）Explainthedefinitionofinternationalsettlement.

（2）Howmanymaintypesofinternationalsettlementmethodsareusedintheinternatinaltrade?

（3）Whataretheliabilitiesofaexporterinthe

（1）Currenciessuchas（）usedintheinternationalsettlementareconvertiblecurrencies.

A.USDB.JPYC.EURD.GBP

（1）USdollarclearingsystemsdonotinclude（）.

A.CHIPSB.FEDWIREC.book-transferD.ACHE.CHAPS

（2）internationalpaymentsandsettlementsmayarisefrom（）.

A.commercialpaymentsB.paymentsfortheservicesrendered

C.paymentsbetweengovernmentsD.transferoffundsamongcountries.

（3）Allthepartiestoacollectionareboundby____________.

A.UCP400B.UCP500C.URC522D.URC254

Chapter3:

CorrespondentBanking

5.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.

（1）Inasense,banksthemselvesarethebestcustomersforeachother.（）

（2）Correspondentrelationshipisdispensableinconductinginternationalbankingbusiness.（）

（3）Besidesvostroaccounts,mostaccountsopenedbythebankwithvostroaccountareinvestmentaccounts.（）

（4）Abank’saccesstoforeignexchangecannotberatedhigherthanthatofitscountry.（）

（5）Ratioofliquidityassetsreferstotherationofthoseassetscanbeshiftedintopayableinstruments.Thesmallertheratio,thebettertheliquidityabankwillhave.（）

6.Pleasechoosetheanswerstoeachofthefollowingquestions.

（1）Aftertheestablishmentofcorrespondentrelationship,twobanksshouldexchange（）witheachother.

A.authorizedsignaturesbookB.testkey

C.SWIFTkeyD.scheduleoftermsandconditions

（2）Creditlineestablishmentforcorrespondentisoneofthemostimportantworks.Banksusuallyhaveaspecialdepartmenttobeinchargeofrisk.Riskmayinclude（）.

A.countryriskB.ratingbankrisk

C.politicalriskD.currencyandinterestrisk

（3）Thereceivingbankverifiesthisnumberwiththearrangementsoastobecertainthatthe（）issentbyaparticularbank.

A.CableB.TelexC.EmailD.Telephone

7.Pleaseanswerthefollowingquestions.

（1）Whataretypesofaccountsfromwhichtheaccountholdingbankcanrenderservices?

（2）Whatthestepsaretakenbyabanktograntcreditline?

Chapter4:

Instruments

5.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.

（1）Thetimedraftwhichpaymentistobemadeatspecifiedfuturetimeiscalledtenordraft.（）

（2）Fromtheimport'spointofview,theidealarrangementistodrawasightdraftunderadocumentarycredit,andtoreceivepaymentofitimmediatelyuponpresentation.（）

（3）Abanker'sdraftisanegotiableinstrumentdrawnpayabletoorderbyabankasdraweronthesamebankasdrawee.（）

（4）Achequeisademandbankdraft.（）

（5）Adraftisaconditionalorderinwriting.（）

（6）Thereisnoacceptorinapromissorynote.（）

（7）Apromissorynoteisanunconditionalorderinwriting.（）

（8）Thereareonlytwopartiesinapromissorynote.（）

（9）Inapromissorynote,themakeranddraweearethesameperson.（）

（10）Atermbillmaybeacceptedbytheendorser.（）

（11）InthecaseofMT,theremittingbankissuesadrafttoitscustomer,andinstructsitsforeignbranchorcorrespondentbymailtomakethepaymenttothebeneficiary.（）

（12）Draftswhicharepayableatafuturedatearecalleddemanddrafts.（）

（13）Bankshavenoliabilityforanydelayorlosscausedbypostalortelexfailure.

（14）Promissorynotesarecommercialdocuments.（）

（15）Inthecaseofdocumentspayableatsightthepresentingbankmustmakepresentationforpaymentwithoutdelay.（）

（16）Accepteddraftsmustbepresentedforpaymentonmaturity.（）

（17）Abillshouldbeprotestedwithinonebusinessdayofdishonour.（）

（18）Theinstructionsofthedraweeoverridethecollectionorder.（）

（19）Aremittingbankwillnotacceptunqualifiedacceptance.（）

（20）Acceptancemustbemadeatthebackofthebillandsignedbythedrawee.（）

6.Pleasechoosetheanswerstoeachofthefollowingquestions.

（1）Themostcommontypesofnegotiableinstrumentsare（）.

A.billofexchangeB.promissorynoteC.chequeD.traveller’scheque

（2）Achequemustbesignedby（）.

A.thedrawerB.thedraweeC.thepayerD.thepayee

（3）Thepersonpayingthemoneyisa（）ofacheque.

AthedrawerBthedraweeCendorserDendorsee

（3）Onlybyendorsementtheinterestinthebillofexchangecanbetransferredby（）.

AthedraweeBthedrawer

CtheholderDanypersontothebill

（4）IfBarclaysinstructsCitibanktopayasumofUSD100000toMidland,itsnostroaccountshouldbe（）.

AcreditedBdebitedCincreasedDdecreased

（5）Thereasonabletimeconcerningprotestfornon-paymentornon-acceptanceisusually（）.

A.halfadayB.oneortwodays

C.tenhoursD.twenty-four-hours

7.Pleaseanswerthefollowingquestions.

（1）Negotiableinstrumentsareusedsignificantlyinapaper-basedpaymentandfundtransfersystem.Whatischaractersofinstruments?

（2）Whatdutiesdoesaholderofabillofexchangehave?

（3）Whatisendorsementofbillofexchange?

（4）Whatisacceptanceofbillofexchange?

（5）Whatisdishonorofbillofexchange?

Chapter5:

MeansofInternationalSettlement—Remittance

5.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.

（1）Usuallyaremittingbanksendsapaymentorderwithtestedkeytothepayingbankabroadbymailanddebitsthepayingbank’saccountwithitiftheyhaveaccountrelationshipwitheachother.（）

（2）Bankdraftisaratherflexibleremittinginstrumentforitcannotonlyremit,butalsodrawadraft.（）

（3）Withrapidtelecommunication,mostpaymenttransactionsarehandledbytelegraphictransfer.（）

6.Pleasechoosetheanswerstoeachofthefollowingquestions.

（1）Theremittancewillbedonebyseveralmeans（）.

A.transferofmailB.draftandtelegraphic

C.creditcardD.traveler’scheckandE-BankingorWeb

（2）A.promissorynoteiswrittenandsignedby（）,andsentto（）.

A.theexporter…thebuyerB.thebuyer…theexporter

C.theexporter…theanotherexporterD.thebuyer…theanotherbuyer

（3）（）isdrawnbytheexporterandsenttothebuyer.

A.DraftB.PromissorynoteC.I.O.U.D.Cheque

7.Pleaseanswerthefollowingquestions.

（1）Whatisthereasonthatacustomerselectsbankdraftasaremittanceinstrumentinsteadoftelegraphictransfer?

（2）Intheprocessofpaymenttransfer,somemistakesmayoccur,suchaslatepayment,duplicatepayment,underandoverpayment,wrongaccountatrightbankandsoon,whichmayariselossforabank.WhatistheRulesofInterbankCompensationisthereforeworkedouttosettlethedisputeamongbanks?

（3）Whatdoesremittancereferto?

（4）WhatisthedifferencesbetweenT/TandM/T?

（5）WhyisitfasterbyusingT/TandbyusingM/T?

.

Chapter6:

MeansofInternationalSettlement--Collection

5.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.

（1）Adocumentarycollectionismoresecurethansettlementonopenaccount,becausetheimportercanmaytakepossessionofthegoodswitheithermakingpaymentoracceptingabillofexchange.（）

（2）WithaD/Aarrangement,theimportertakespossessionofthegoodsafterpaymentisactuallyeffected.（）

（3）Whenremittingbankhasanaccountwithcollectingbank,thecollectioninstructionwillbe“pleasedebitouraccountwithyouunderyouSWIFT/airmailadvicetous.”.（）

（4）Whenthecollectingbankhasanaccountwiththeremittingbank,thecollectioninstructionwillbe“pleasecollecttheproceedsandauthorizeusbySWIFT/airmailtodebityouraccountwithus.”（）

（5）IftheinstructionsareD/P,theimporter’sbankwillreleasethedocumentstotheimporteronlyagainstpayment.

（6）Itisunnecessarytocarryoutthecollectioninstructioninthecaseofnon-payment.

（7）Adocumentarycollectionisanarrangementwherebythesellerdraws