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Chapter 1 Quiz
1、【单选题】Development of international settlement does not include ( ).
A、from Barter to cash
B、from cash to non-cash
C、from indirect settlement to direct settlement
D、from payment on delivery to payment against document
2、【单选题】Main topics of International Settlement include the following, except ( ).
A、Means of Payment
B、Documents
C、Settlement Methods
D、Risk Management
3、【判断题】The Correspondent Bank is an independent foreign bank.
A、正确
B、错误
Chapter 2 Quiz
1、【单选题】If the payee is ( ), the Bill can not be endorsed.
A、Indicative Order
B、Restrictive Order
C、Bearer Order
D、Open Order
2、【单选题】Which of the following is NOT a payment order?
A、Bill of Exchange
B、Draft
C、Cheque
D、Promissory Note
3、【判断题】Presentation means when the creditor exercises its right (i.e. asks the Drawee for acceptance or payment), there is no need to explain the reason.
A、正确
B、错误
Chapter 3 Quiz
1、【单选题】( ) is the fastest and safest way to transfer fund.
A、T/T
B、M/T
C、D/D
D、Cash
2、【单选题】( ) is the sender of MT103.
A、Remitting Bank
B、Paying Bank
C、Remitter
D、Beneficiary
3、【判断题】In Remittance, the Remitting Bank is also called the Exporter's Bank.
A、正确
B、错误
Chapter 4 Quiz
1、【单选题】Collection Draft needs to be endorsed ( ), if the Payee is the Principal.
A、Once
B、Twice
C、Three times
D、Four times
2、【单选题】( ) is the bank to which the Principal has entrusted the handling of a Collection.
A、Remitting Bank
B、Collecting Bank
C、Issuing Bank
D、Paying Bank
3、【判断题】Under D/P, documents will be released against acceptance.
A、正确
B、错误
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