金陵科技学院《国际结算》英文版习题集.docx

1、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Chapter 1: International Settlement under Globalization5. Please decide whether the following statements are true or false.(1) Greater imports offer consumers a wider variety of goods at higher prices, while providing strong incentives for domestic indus

2、tries to remain competitive. ( )(2) Information technology makes the international trade more efficient than ever. ( )(3) International lending is often accompanied by international payments. ( )(4) Under the term CFR, it is the sellers responsibility to insure the goods transported.(5) Cash in adva

3、nce, open account, collection and documentary credit are the usual methods of payment to settle international trade transactions. ( )(6)To the exporter of goods, the most satisfactory arrangement as far as payment is concerned is to receive it in advance. ( )(7) Trade on open account arrangement usu

4、ally satisfies the sellers desire for cash and the imports desire for credit. ( )6. Please choose the answers to each of the following questions.(1) international payments and settlements may arise from( ). A. commercial payments B. payments for the services rendered C. payments between governments

5、D. transfer of funds among countries. (2) An additional risk borne by the seller when granting a credit to the buyer is that the latter will not_. A. accept the bill B. take up the documents C. take delivery D. make payment at maturity(3) To the exporter, the fastest and safest method of settlement

6、is_. A. letter of credit B. advance payment C. collection D. bankers draft (4) To the importer, the fastest and safest method of settlement is_. A. letter of credit B. cash in advance C. open account D. bankers draft 7. Please answer the following questions.(1) Explain the definition of internationa

7、l settlement.(2) How many main types of international settlement methods are used in the internatinal trade?(3) What are the liabilities of a exporter in the (1) Currencies such as ( ) used in the international settlement are convertible currencies. A. USD B. JPY C. EUR D. GBP(1) US dollar clearing

8、systems do not include ( ). A. CHIPS B. FEDWIRE C. book-transfer D. ACH E. CHAPS(2) international payments and settlements may arise from( ). A. commercial payments B. payments for the services rendered C. payments between governments D. transfer of funds among countries. (3) All the parties to a co

9、llection are bound by_ _. A. UCP400 B. UCP500 C. URC522 D. URC254Chapter 3: Correspondent Banking5. Please decide whether the following statements are true or false.(1) In a sense, banks themselves are the best customers for each other. ( )(2) Correspondent relationship is dispensable in conducting

10、international banking business. ( ) (3) Besides vostro accounts, most accounts opened by the bank with vostro account are investment accounts. ( )(4) A banks access to foreign exchange can not be rated higher than that of its country. ( )(5) Ratio of liquidity assets refers to the ration of those as

11、sets can be shifted into payable instruments. The smaller the ratio, the better the liquidity a bank will have. ( )6. Please choose the answers to each of the following questions.(1) After the establishment of correspondent relationship, two banks should exchange ( ) with each other. A. authorized s

12、ignatures book B. test key C. SWIFT key D. schedule of terms and conditions(2) Credit line establishment for correspondent is one of the most important works. Banks usually have a special department to be in charge of risk. Risk may include ( ). A. country risk B. rating bank risk C. political risk

13、D. currency and interest risk (3) The receiving bank verifies this number with the arrangement so as to be certain that the ( ) is sent by a particular bank. A. Cable B. Telex C. Email D. Telephone 7. Please answer the following questions.(1) What are types of accounts from which the account holding

14、 bank can render services?(2) What the steps are taken by a bank to grant credit line? Chapter 4: Instruments5. Please decide whether the following statements are true or false.(1) The time draft which payment is to be made at specified future time is called tenor draft. ( )(2) From the imports poin

15、t of view, the ideal arrangement is to draw a sight draft under a documentary credit, and to receive payment of it immediately upon presentation. ( ) (3) A bankers draft is a negotiable instrument drawn payable to order by a bank as drawer on the same bank as drawee. ( )(4) A cheque is a demand bank

16、 draft. ( )(5) A draft is a conditional order in writing. ( )(6) There is no acceptor in a promissory note. ( )(7) A promissory note is an unconditional order in writing. ( )(8) There are only two parties in a promissory note. ( )(9) In a promissory note, the maker and drawee are the same person. (

17、) (10)A term bill may be accepted by the endorser. ( )(11) In the case of MT, the remitting bank issues a draft to its customer, and instructs its foreign branch or correspondent by mail to make the payment to the beneficiary. ( )(12) Drafts which are payable at a future date are called demand draft

18、s. ( )(13) Banks have no liability for any delay or loss caused by postal or telex failure. (14) Promissory notes are commercial documents. ( )(15) In the case of documents payable at sight the presenting bank must make presentation for payment without delay. ( )(16) Accepted drafts must be presente

19、d for payment on maturity. ( )(17) A bill should be protested within one business day of dishonour. ( )(18) The instructions of the drawee override the collection order. ( )(19) A remitting bank will not accept unqualified acceptance. ( )(20) Acceptance must be made at the back of the bill and signe

20、d by the drawee. ( )6. Please choose the answers to each of the following questions.(1) The most common types of negotiable instruments are ( ). A.bill of exchange B. promissory note C.cheque D. travellers cheque (2) A cheque must be signed by ( ). A. the drawer B. the drawee C. the payer D. the pay

21、ee(3) The person paying the money is a ( ) of a cheque. A the drawer B the drawee C endorser D endorsee(3) Only by endorsement the interest in the bill of exchange can be transferred by ( ) . A the drawee B the drawer C the holder D any person to the bill(4) If Barclays instructs Citibank to pay a s

22、um of USD100000 to Midland, its nostro account should be ( ). A credited B debited C increased D decreased(5) The reasonable time concerning protest for non-payment or non-acceptance is usually ( ). A. half a day B. one or two days C. ten hours D. twenty-four-hours7. Please answer the following ques

23、tions.(1) Negotiable instruments are used significantly in a paper-based payment and fund transfer system. What is characters of instruments?(2) What duties does a holder of a bill of exchange have ?(3) What is endorsement of bill of exchange? (4) What is acceptance of bill of exchange?(5) What is d

24、ishonor of bill of exchange?Chapter 5: Means of International Settlement Remittance5. Please decide whether the following statements are true or false.(1) Usually a remitting bank sends a payment order with tested key to the paying bank abroad by mail and debits the paying banks account with it if t

25、hey have account relationship with each other. ( )(2) Bank draft is a rather flexible remitting instrument for it can not only remit, but also draw a draft. ( ) (3) With rapid telecommunication, most payment transactions are handled by telegraphic transfer. ( )6. Please choose the answers to each of

26、 the following questions.(1) The remittance will be done by several means ( ).A.transfer of mail B. draft and telegraphic C.credit card D. travelers check and E-Banking or Web (2) A.promissory note is written and signed by ( ) ,and sent to ( ). A.the exporterthe buyer B.the buyerthe exporter C.the e

27、xporterthe another exporter D.the buyerthe another buyer(3) ( ) is drawn by the exporter and sent to the buyer. A.Draft B.Promissory note C.I.O.U. D.Cheque7. Please answer the following questions.(1) What is the reason that a customer selects bank draft as a remittance instrument instead of telegrap

28、hic transfer?(2) In the process of payment transfer, some mistakes may occur, such as late payment, duplicate payment, under and over payment, wrong account at right bank and so on, which may arise loss for a bank. What is the Rules of Interbank Compensation is therefore worked out to settle the dis

29、pute among banks?(3) What does remittance refer to?(4) What is the differences between T/T and M/T?(5) Why is it faster by using T/T and by using M/T?.Chapter 6: Means of International Settlement- Collection5. Please decide whether the following statements are true or false.(1) A documentary collect

30、ion is more secure than settlement on open account, because the importer can may take possession of the goods with either making payment or accepting a bill of exchange. ( )(2) With a D/A arrangement, the importer takes possession of the goods after payment is actually effected. ( ) (3) When remitti

31、ng bank has an account with collecting bank, the collection instruction will be “ please debit our account with you under you SWIFT/airmail advice to us.”. ( )(4) When the collecting bank has an account with the remitting bank, the collection instruction will be “please collect the proceeds and auth

32、orize us by SWIFT/airmail to debit your account with us.” ( )(5) If the instructions are D/P, the importers bank will release the documents to the importer only against payment. (6) It is unnecessary to carry out the collection instruction in the case of non-payment. (7) A documentary collection is an arrangement whereby the seller draws