The payer on the bill of exchange under collection is ( )
A. exporter
B. importer
C. exporter’s bank
D. importer’s bank
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Which of the following is not a characteristic of negotiable instruments?
A. Right setting
B. Requisite in form
C. Presentment
D. Unconditional
Mail transfer, Demand draft and Telegraphic transfer are classified according to ( )
A. Relationship between settlement instruments and capital flow
B. Different delivery tools are used
C. Different bills of exchange are used
Different confirmation methods
The remittance method with the fastest collection and higher cost is ( )
A. T/T
B. M/T
C. D/D
D/P
The following settlement methods belonging to remittance method are ( )
A. Demand Draft
B. Letter of credit
C. Documentary collection
D. Non-trade cheque collection