题目内容

The bill of exchange used in D/A must be a________

A. sight bill
B. bank bill
C. bank accepted bill
D. usance bill

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If a bank other than the issuing bank guarantees the payment under an L/C ,this L/C is______

A. a confirmed credit
B. an irrevocable credit
C. non-transferable credit
D. a negotiable credit

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? ______

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.

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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