国际贸易融资章节测试课后答案2024春

第七章测试

1.The beneficiary of the documentary credit has right to examine the letter of credit, checking whether the terms and conditions as specified in credit identical to those specified in sales contract. (（ ）
A:错 B:对
答案:B
2.Suppose the beneficiary discovers any terms and conditions, which are impossible to fulfill, an immediate amendment of sales contract is critical, and hence, the contents of letter of credit can be modified with respect to the changes made on sales contract. (（ ）
A:对 B:错 3.On receipt of credit advised by advising bank, the importer need to check whether there is any discrepancies between sales contract and documentary credit. (（ ）
A:错 B:对 4.A revocable credit has commercial utility value in international trade as it is frequently employed between companies in alliance. (（ ）
A:对 B:错 5.Within the transaction of documentary credit, which entity is the buyer of the sales contract? （ ）
A:Paying bank B:Applicant C:Beneficiary D:Negotiating bank 6.Under the transaction of documentary credit, which entity is to effect the payment under the credit? （ ）
A:Issuing bank B:Paying bank C:Negotiating bank D:Confirming bank 7.Within the transaction of documentary credit, advising bank will examine the credit, which one of the following areas will not be covered in the examination? （ ）
A:The authorized signature and test key B:The liability clause of the applicant C:The contents specified in the credit D:The credit standing of issuing bank 8.Which one of the following statements associated with documentary credit is problematic? （ ）
A:Beneficiary has right to examine the letter of credit, checking whether the contained terms and conditions is identical to those specified in the sales contract. B:The confirming bank is irrevocably bound to honor or negotiate a complying presentation. C:The claiming bank can be either a paying bank, accepting bank, or an advising bank. D:If nominated advising bank decides not to notify the beneficiary, it must inform the issuing bank immediately. 9.Which of the following statements accurately describe the features of the documentary credit? （ ）
A:The documentary credit is a written undertaking on part of the issuing bank. B:The documentary credit issued by the commercial bank is independent of the sales contract. C:The documentary credit is only dealing with correlated documents as specified in the L/C. D:The documentary credit is a flexible method of payment technique as the commercial bank can amend the contents on demand of the importer. 10.Which of the following information must be involved in any letter of credit？ （ ）
A:The clauses which permit the credit to be negotiated to specified entity. B:The monetary amount and ISO currency code. C:The list of the document demanded by exporter. D:The description of the goods/services.