判断题If the instructions are D/P the importer’s bank will release the documents to the importer only against payment.A对B错

判断题
If the instructions are D/P the importer’s bank will release the documents to the importer only against payment.
A

B


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The amount of the outstanding checks is included on the bank reconciliation as a(n) ( ) A. deduction from the balance per depositor's recordsB. addition to the balance per bank statementC. deduction from the balance per bank statementD. addition to the balance per depositor's records

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听力原文: Banker's acceptances are a very old form. of commercial credit. They provide, in essence, a method whereby a bank may add its good name and reputation to bills of a borrower, thereby making the bills much more marketable than it would otherwise be. Specifically, the mechanics of the operation typically, work like the following. Suppose that an American exporter sells wheat to a German importer. The terms of the sale are that the German importer will pay for the wheat ninety days after it is shipped. For a variety of reasons, however, the American firm may want its money now, and not want to wait the ninety days. If so, it may issue a draft on its bank ordering the bank to pay a stipulated sum of money to the holder of the draft ninety days from now. Along with the draft, the American exporter will send the appropriate documents showing that the wheat has actually been shipped. When the bank receives the draft, together, with the documentation, it stamps "accepted" across the face of it.27. What are banker's acceptances?28.Who is the drawee of the draft mentioned in the passage?29.What should be attached to the draft when it is presented for acceptance?30.How does the bank accept the draft?(27)A.They are drafts issued by a bank on another bank.B.They are a very old form. of commercial credit.C.They are exchange bills discounted by customers.D.They are checks cashed through the ATMs.

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听力原文:M: I want to cash this check for my mother, but the teller told me to bring it here.W: Yes, Sir. That's an out-of-town personal check. We wouldn't be able to cash it for you until the proceeds are collected from the paying bank.Q: How will the bank deal with the man's check?(18)A.The bank will cash the check immediately.B.The bank will issue a new bank account and deposit the money for him.C.The bank will cash it for him until the proceeds are collected from the paying bank.D.The bank will endorse the check before payment.

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A bank reconciliation should be prepared periodically because ( )A. the depositor's records and the bank's records are in agreementB. the bank has not recorded all of its transactionsC. any differences between the depositor's records and the bank's records should be determined, and any errors made by either party should be

If the instructions are D/P the importer’s bank will release the documents to the importer only against payment.A对B错

If the instructions are D/P the importer’s bank will release the documents to the importer only against payment.

Questions from 31 to 35 are based on the following passage:   The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.”   Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A).   Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment.   Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents.   Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.Under D/P , the importer can obtain the goods only by().A、showing the bill of ladingB、signing on the bill of exchangeC、paying in cashD、paying or accepting the bill of exchange

() is the party which applies to the bank for the opening of a letter of credit.A、A bank in the seller′s countryB、A bank in the buyer′s countryC、An exporterD、An applicant

Questions from 31 to 35 are based on the following passage:   The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.”   Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A).   Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment.   Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents.   Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.Under D/A , the importer can gets what he needs – the shipping documents only by().A、showing the bill of ladingB、paying in cashC、making acceptance of the bill of exchangeD、paying the bill of exchange

The collecting bank may release the documents against the buyer’s acceptance of a sight draft on documents against acceptance basis. ()

单选题A reimbursing bank has received a valid claim under its reimbursement undertaking and is instructed by the issuing bank not to honour the claim. In accordance with the URR725, the reimbursing bank should: ()AReques tthe claiming bank to cancel the claimBInstruct the claiming bank to contac tthe beneficiaryCHonour the claim and debit the issuing bank’s accountDDishonour the claim as per the issuing bank’s instruction

单选题() is the party which applies to the bank for the opening of a letter of credit.AA bank in the seller′s countryBA bank in the buyer′s countryCAn exporterDAn applicant

单选题A bank opens an L/C at the request of the importer. It is a (an)().Aissuing bank.BapplicantCsellerDinforming bank

判断题The collecting bank may release the documents against the buyer’s acceptance of a sight draft on documents against acceptance basis. ()A对B错