InternationalSettlementTest__1.docVIP

International Settlement Test 1 学号___________ 姓名___________ 成绩_________________ I. . Decide whether the following statements are true or false. (20%) 1. When a check is crossed, it can be pay into a bank account and be cashed over the counter. ( F ) 2. If a credit is issued by telegraph, it ought to be authenticated by specimen of authorized signatures.( F ) 3. When discounting, a time bill should already be accepted and not yet fallen due. ( T ) 4. From Bank of America New York’s view, a vostro account is a dollar account held for its overseas correspondents. ( T ) 5.Nostro account is an account held by a bank on behalf of a correspondent bank.( F ) 6.The authorized signatures are used for the authentication of the messages, letters, remittances, letter of credit, ect., addressed by the bank to its correspondent bank.( T ) 7.If the reimbursement says: “ In cover, we have credited the sum to your account with us.” That means the balance of “Your account” increased. ( T ) 8. When selecting the contract currency, the importer prefers soft currency.( T ) 9. A promissory note is an unconditional order in writing. ( F ) 10.A bill shows : Pay to ABC Co. providing the goods in compliance with contract No. 123 the sum of one thousand US dollars. It is acceptable. (F ) 11.A bill shows: Pay to ABC Co. out of proceeds of sale of woolen blankets the sum of one thousand US dollars. It is unacceptable. (T ) 12. Drawer in a bill of exchange is always the prime liability. ( F ) 13.If a bill is payable “ at 30 days after date” , the date of payment is decided according to the date of acceptance. ( F ) 14. A bill payable “ at 90 days sight” is a sight bill. ( F ) 15. A sight bill should be presented for acceptance. ( F ) 16. An endorser of a bill is liable on it to subsequent endorsers and holders of the bill. ( T ) 17. If a bill shows “Pay to the order of A Co. the sum of five thousand　US dollars plus interest.”, the bill is accep