第四章 Methods of payment：涉及到我们每天都会接触到的，也是商务交易必不可缺的支付环节，介绍四种支付方式，让同学们学会用英语去表述每种方式的内涵、优缺点、具体操作流程和适用场景，都是非常实用、贴合实践的内容。4.1Introduction to payment:Introduction to payment[单选题]When submitting our quotation, we suggested that the relevant L/C ___ as early as possible.选项:[is established, would be established, be established, establishes]
4.2Cash in Advance and Open Account:Cash in Advance and Open Account
4.3Bill of exchange:Bill of exchange
4.4Letter of credit:Letter of credit
4.5Listening practice:Listening practice
[单选题]They _______ the bank to let the agent clear the goods.选项:[close, told, instructed, demanded]
[单选题]Any alteration in design would mean re-setting our machines, and the cost of this would be prohibitive___ you could place an order for more than 5,000.选项:[when, until, with, unless]
[单选题]We will draw____ you by our documentary draft at sight on collection basis.选项:[up, for, on, at]
[单选题]International payments are financial activities conducted among different countries in which funds are ____ from one country to another in order to ______ relations of debts.选项:[paid, transfer, cleared, transfer, transferred, clear, transfer, cleared]
[单选题]Please extend this letter of credit, which expires ____ January 25.选项:[in, on, at, for]
[单选题]When the holder of a draft wants to pass its title to another person, he should ____ the draft and deliver it to the endorsee.选项:[dishonor, recourse, pass, endorse]
[单选题]Act of dishonor is a (an) ____ to make acceptance on or payment of a draft when it is____.选项:[refusal, maturity, refusal, presented, agreement, presented, agreement, maturity]
[单选题]A letter of credit is a written undertaking by an issuing bank given to the seller (beneficiary) at the request, and on the instruction, of the buyer (applicant) to pay at sight or at a determinable future date up to a stated sum of money, within a prescribed time limit and against stipulated documents which______ the terms and conditions of the credit.选项:[by, comply with, observe, transfer]
[单选题]We heard that the company had _____ several drafts so we decided not to deal with them.（ ）选项:[read, protest, dishonored, presented]
[单选题]If the seller finds some discrepancies in the Letter of Credit, whom does he or she write to asking for an amendment?（ ）选项:[the issuing bank, the advising bank, the buyer, the negotiating bankthe buyer]
[单选题]An L/C should be opened ____ our favor available by documentary draft____ sixty days’ sight.选项:[in,after, for,down, in,out, for,in]
[单选题]If the amount exceeds that figure, payment ____ L/C will be required.选项:[on, at, in, by]
[单选题]Applicant (Buyer) fills out and signs an application form, ____ the bank to issue a credit in favor of the beneficiary (seller) abroad.选项:[going, drawing, observing, asking]
[单选题]The discount of 5% agreed on was granted only_____ no balance was outstanding from previous account.选项:[on condition, depends on, on condition that, that]
[单选题]The exporters were willing to grant 3 months’ credit so they draw a draft at 90 days after ______.选项:[negotiation, payment, dispatch, sight]
[单选题]Acceptance of a draft is a signification by the drawee of his assent to the order given by the drawer. He engages, by signing his name across the face of the bill that he will pay when it falls_____.选项:[valid, maturity, due, force]
[单选题]Thank you for your remittance of US $ 2,150.00 _____the 70% freight due under Invoice No.22B/96.选项:[in payment of, of paying, for payment for, pay for]
[单选题]We should be pleased to send you a sample____ our own expense.选项:[at, of, against, in]
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