第八章
( ) commonly refers to as the draft or the bill.
Letter of credit
Check
Promissory note
答案:Bill of exchange
There are ( ) parties to a bill of exchange.
5
3
2From the ( )'s view, payment in advance is one of the safest and most desirable payment practices specifically in the international trade.
remitter
seller
buyerThe drawer of the bill of exchange under L/C is always the ( ).
beneficiary of L/C
applicant of L/C
advising bank( ) involves commercial credit among the following payment terms.
Open account
Letter of credit
Documentary collectionThe characteristics of the letter of credit include that ( ).
the exporter must be able to get paid under L/C
a letter of credit is an independent instrument
a letter of credit business is a banker's creditA promissory note is an unconditional payment order instructed by the drawer to the drawee to pay an amount to the order of a payee including himself on a particular due date.At anytime before the check is paid, it can be canclled.For a confirmed credit, the confirming bank holds the same liability as the issuing bank.D/P 30 days after sight is more risky than D/A 30 days after sight for the exporter.

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