金融英语_智慧树知到答案2021年

第十二章 International Settlement (II)：Introduction to Characteristics, types and functions of L/C12.1Letter of Credit （L/C）:Definition, characteristics, parties and procedures of L/C
12.2Types of Credit (A):Revocable credit & irrevocable credit, confirmed credit & unconfirmed credit, documentary credit, standby credit and L/G
12.3Types of Credit (B):Sight credit & time credit, straight credit, deferred payment credit & acceptance credit
12.4Types of Credit (C):Payment credit & negotiating credit, Transferable credit & back-to-back Credit
12.5Types of Credit (D):Revolving L/C, red clause & green Clause L/C, reciprocal L/C
12.6Summary and Comparison:Bill risk and prevention, collection risk and prevention, L/C risk and prevention
12.7Trade Finance:Package loan, export bill purchase, factoring and forfeiting

[单选题]“We hereby agree with the beneficiary that all draft drawn under and/or documents presented hereunder will be duly honored by us provided the terms and conditions of the Credit are complied with...”. In the clause, “we”are ( )

选项:[beneficiary
, applicant
, issuing bank
, advising bank
]
[单选题]The word “this credit is not restricted to any bank for negotiation” or “this credit may be negotiated at any bank”, or similar words, may be indicated on ( )

选项:[free transferable L/C
, restricted negotiation L/C
, restricted transferable L/C
, free negotiation L/C
]
[单选题]Which one is not correct for transferable credit and back-to-back credit? ( )

选项:[Under the back to back L/C, the applicant is required to provide the original L/C for mortgage while it is not for transferable credit.
, Two credits are involved in transferable credit while one letter of credit is involved in back-to-back credit.
, One credit is involved in transferable credit while two letters of credit are involved in back-to-back credit.
, They are both used by middlemen.
]
[单选题]Reciprocal credits are not suitable in ( )

选项:[barter transactions
, counter trade or compensation trade
, general trade
, trade of processing incoming materials
]
[多选题]Who applies for the opening or issuing of a credit in accordance with the sales contract. ( )

选项:[Seller
, Exporter
, Importer
, Buyer
]
[多选题]Standby L/C is also called ( )

选项:[commercial paper L/C
, performance L/C
, clean L/C
, guarantee L/C
]
[多选题]If the revolving credit is stated to be“cumulative”, the specific methods can be formulated in the following ways: ( )

选项:[semi-automatic Revolving L/C
, anti-automatic Revolving L/C
, non-automatic Revolving L/C
, automatic Revolving L/C
]
[单选题]The advising bank in the seller’s country can be the confirming bank and add its confirmation to the L/C. ( )

选项:[错, 对]
[单选题]A draft is required for deferred credit. ( )

选项:[错, 对]
[单选题]If the exporters find that it is difficult to fulfill some provisions in L/C when they review them, they can directly request the issuing bank to modify L/C. ( )

选项:[对, 错]
[多选题]If the revolving credit is stated to be“cumulative”, the specific methods can be formulated in the following ways: ( )

选项:[semi-automatic Revolving L/C
, non-automatic Revolving L/C
, automatic Revolving L/C
, anti-automatic Revolving L/C
]
[多选题]Standby L/C is also called ( )

选项:[clean L/C
, performance L/C
, commercial paper L/C
, guarantee L/C
]
[单选题]A draft is required for deferred credit. ( )

选项:[对, 错]
[单选题]The advising bank in the seller’s country can be the confirming bank and add its confirmation to the L/C. ( )

选项:[对, 错]
[单选题]If the exporters find that it is difficult to fulfill some provisions in L/C when they review them, they can directly request the issuing bank to modify L/C. ( )

选项:[错, 对]
[单选题]Which one is not correct for transferable credit and back-to-back credit? ( )

选项:[Under the back to back L/C, the applicant is required to provide the original L/C for mortgage while it is not for transferable credit.
, They are both used by middlemen.
, Two credits are involved in transferable credit while one letter of credit is involved in back-to-back credit.
, One credit is involved in transferable credit while two letters of credit are involved in back-to-back credit.
]
[单选题]The word “this credit is not restricted to any bank for negotiation” or “this credit may be negotiated at any bank”, or similar words, may be indicated on ( )

选项:[restricted negotiation L/C
, free transferable L/C
, free negotiation L/C
, restricted transferable L/C
]
[多选题]Who applies for the opening or issuing of a credit in accordance with the sales contract. ( )

选项:[Seller
, Exporter
, Importer
, Buyer
]
[单选题]Reciprocal credits are not suitable in ( )

选项:[trade of processing incoming materials
, counter trade or compensation trade
, general trade
, barter transactions
]
[单选题]“We hereby agree with the beneficiary that all draft drawn under and/or documents presented hereunder will be duly honored by us provided the terms and conditions of the Credit are complied with...”. In the clause, “we”are ( )

选项:[beneficiary
, applicant
, advising bank
, issuing bank
]