Which of the following is NOT a mode of payment terms?
A. letter of credit
B. remittance
C. collection
D. check
查看答案
The bill of exchange used in D/A must be a ____
A. Sight bill
Bank bill
C. Bank accepted bill
D. Usance bill
If a bank other than the issuing bank guarantees the payment under an L/C, this is _____.
A confirmed credit
B. An irrevocable credit
C. Non-transferable credit
D. A negotiable credit
If there is no specific provision, the draft under a letter of credit should draw on the ____.
Advising bank
B. Issuing bank
C. Negotiating bank
D. Applicant
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 the seller.
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