第四章单元测试
  1. 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.

  2. A:by B:comply with C:transfer D:observe
    答案:comply with
  3. Act of dishonor is a (an) ____ to make acceptance on or payment of a draft when it is____.

  4. A:agreement, maturity B:refusal, maturity C:agreement, presented D:refusal, presented
  5. 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_____.

  6. A:valid B:due C:force D:maturity
  7. When the holder of a draft wants to pass its title to another person, he should ____ the draft and deliver it to the endorsee.

  8. A:endorse B:pass C:recourse D:dishonor
  9. Applicant (Buyer) fills out and signs an application form, ____ the bank to issue a credit in favor of the beneficiary (seller) abroad.

  10. A:going B:drawing C:asking D:observing
  11. International payments are financial activities conducted among different countries in which funds are ____ from one country to another in order to ______ relations of debts.

  12. A:transferred, clear B:transfer, cleared C:cleared, transfer D:paid, transfer
  13. If the amount exceeds that figure, payment ____ L/C will be required.

  14. A:by B:at C:on D:in
  15. Please extend this letter of credit, which expires ____ January 25.

  16. A:at B:in C:on D:for
  17. We will draw____ you by our documentary draft at sight on collection basis.

  18. A:for B:on C:at D:up
  19. An L/C should be opened ____ our favor available by documentary draft____ sixty days’ sight.

  20. A:for,down B:for,in C:in,out D:in,after
  21. When submitting our quotation, we suggested that the relevant L/C ___ as early as possible.

  22. A:would be established B:establishes C:be established D:is established
  23. The discount of 5% agreed on was granted only_____ no balance was outstanding from previous account.

  24. A:on condition B:on condition that C:that D:depends on
  25. Thank you for your remittance of US $ 2,150.00 _____the 70% freight due under Invoice No.22B/96.

  26. A:of paying B:pay for C:for payment for D:in payment of
  27. 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.

  28. A:until B:when C:unless D:with
  29. We should be pleased to send you a sample____ our own expense.

  30. A:against B:of C:in D:at
  31. They _______ the bank to let the agent clear the goods.

  32. A:told B:demanded C:instructed D:close
  33. The exporters were willing to grant 3 months’ credit so they draw a draft at 90 days after ______.

  34. A:sight B:dispatch C:negotiation D:payment
  35. We heard that the company had _____ several drafts so we decided not to deal with them.( )

  36. A:read B:presented C:dishonored D:protest
  37. If the seller finds some discrepancies in the Letter of Credit, whom does he or she write to asking for an amendment?( )

  38. A:the advising bank B:the buyer C:the negotiating bankthe buyer D:the issuing bank

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