A: It provides highest security to the buyer but not the seller.
B: It is cheaper to use than the other terms of payment.
C: It is based on commercial credit, not bank credit.
D: It may impose high risk either to the buyer or the seller.
举一反三
- Which of the following statements in NOT true about remittance? A: It provides highest security to the buyer but not the seller. B: It may impose high risk either to the buyer or to the seller. C: It is based on commercial credit, not bank payment. D: It is cheaper to use than the other terms of payment.
- A stand-by letter of credit ______________. A: is never revoked B: is not a letter of credit C: is invoked in the event of non-compliance by buyer or seller with the terms of an original credit D: is invoked in the event of non-compliance by the buyer or seller with the terms of the sales contract
- To trade on an acceptance credit basis, the bill is accepted by ______. A: the buyer B: the seller C: the buyer or tile bank D: the nominated bank
- Which of the following statements about the bank credit is wrong? A: Bank credit is always regard as indirect credit. B: Bank credit is always regarded as short-term credit. C: Bank credit is always direct credit. D: Bank credit is always long-term credit.
- A two－party secured transaction occurs when a seller sells goods to a buyer on credit and retains a security interest in the goods。（)
内容
- 0
Which of the following sentences about collection is ture? A: By collection, the buyer draws a bill of exchange, to which shipping documents are attached. B: In collection, the bank will do the service of collecting and remitting. C: In collection, bank will pay a seller even if the buyer has not received the goods. D: In collection, payment is made through banks under the two terms of payment: D/P or D/A.
- 1
What advantages does the documentary credit have for both the seller and the buyer?
- 2
A force majeure event should have the following features EXCEPT that （ ）。 A: it happens after the contract is signed B: it is not due to the negligence of the buyer or seller C: neither the buyer nor the seller can control the situation D: either the buyer or the seller can control the situation
- 3
In ___________, the buyer’s bank undertakes to pay the seller when the terms and conditions have been met. A: payment in advance B: open account payment C: documentary collection D: L/C
- 4
If payment of export trade is made by letter of credit, ________ , on receiving the relevant L/C, should first of all make a thorough examination to see whether the clauses set in the L/C are in full conformity with the terms stated in the sales contract. A: A) the buyer B: B) the issuing bank C: C) the advising bank D: D) the seller