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. PAGE . 1. To the exporter, the fastest and safest method of settlement is ( B ) A. letter of credit B. cash in advance C. open account D. banker’s draft 2. To the importer, the most favorable method of settlement is ( C ) A.letter of credit B. cash in advance C. open account D. collection 3. Which of the following payment method is based on commercial credit?( C ) A.letter of credit B.bank guarantee C. collection D. standby credit 4. An exporter sells goods to a customer abroad on FOB and on CIF terms, who is responsible for the freight charges in each? ( A ) A. importer; exporter B. exporter; importer C. importer; importer D. exporter; exporter 5. International cash settlement has the following disadvantages except ( B ) A. expensive B. safe C. risky D. time-consuming 6. CHIPS is the electronic clearing system for ( B ) A.GBP B. USD C.CNY D. EUR 7. CHAPS is the electronic clearing system for ( A ) A.GBP B. USD C.CNY D. EUR 8. BOJ-NET is the electronic clearing system for ( D ) A. USD B. GBP C.EUR D.JPY 9. TARGET is the electronic clearing system for ( C ) A. USD B. GBP C.EUR D.JPY 10. CHATS is the electronic clearing system for ( D ) A. USD B. GBP C.EUR D.HKD 11. From a Chinese bank’s point of view , the current account it maintains abroad is known as ( A ) A. a nostro account B. a vostro account C. a current account D.a home currency account 12. From a Chinese bank’s point of view , the current account maintained by a foreign bank with him is known as (B ) A.a nostro account B.a vostro account C.a current account D.a foreign currency account 13. International trade settlement methods are used to complete the money transfer aroused by ( A) A. goods transactions B. services supply C. security investment D. investment incomes 14. Documentary credit business is subject to ( A ) A. UCP600 B.URC522 C. URDG758 D. ISP98 15. Collection business is subject
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