题目内容

The draft used in collection is________.

A. a banker’s draft, based on bank credit
B. a commercial draft, based on bank credit
C. a banker’s draft, based on commercial credit
D. a commercial draft, based on commercial credit

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Under collection once the importer refuses to pay, the___will be responsible for the cargo release, customs clearance , warehousing, and reselling in the importing country.

A. drawee
B. collecting bank
C. principal
D. presenting bank

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

A. sight bill
B. 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 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