题目内容

A____credit is normally used in processing trade.

A. back to back
B. revolving
C. reciprocal
D. red clause

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Which of the following statements is NOT true about remittance? ______

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 to the seller.

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If the exporter finds out mistakes on a received L/C, he should contact the___ at the first place.

A. advising bank
B. importer
C. negotiating bank
D. issuing bank

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If there is no specific provision, the draft under a letter of credit should draw on the______

A. advising bank advising bank
B. issuing bank
C. negotiating bank
D. applicant

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____A letter of credit which does not indicate whether it is revocable or not is regarded as irrevocable.

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A____credit is normally used in processing trade.

A. back to back B. revolving C. reciprocal D. red clause

Which of the following statements is NOT true about remittance? ______

If the exporter finds out mistakes on a received L/C, he should contact the___ at the first place.

If there is no specific provision, the draft under a letter of credit should draw on the______

____A letter of credit which does not indicate whether it is revocable or not is regarded as irrevocable.

A. back to back
B. revolving
C. reciprocal
D. red clause