Chapter 1 Introduction

Chapter 1 Quiz

1、单选题:
‌Development of international settlement does not include (   ). ‎
选项:
A: from Barter to cash
B: from cash to non-cash
C: from indirect settlement to direct settlement
D: from payment on delivery to payment against document
答案: 【 from indirect settlement to direct settlement

2、单选题:
‍Main topics of International Settlement include the following, except (   ).‏
选项:
A: Means of Payment
B: Documents 
C: Settlement Methods
D: Risk Management 
答案: 【 Risk Management 

3、判断题:
‎The Correspondent Bank is an independent foreign bank. ‍
选项:
A: 正确
B: 错误
答案: 【 正确

Chapter 2 Negotiable Instruments

Chapter 2 Quiz

1、单选题:
‌If the payee is (   ), the Bill can not be endorsed. ​
选项:
A: Indicative Order
B: Restrictive Order
C: Bearer Order    
D: Open Order
答案: 【 Restrictive Order

2、单选题:
​Which of the following is NOT a payment order?‏
选项:
A: Bill of Exchange
B: Draft
C: Cheque
D: Promissory Note
答案: 【 Promissory Note

3、判断题:
‌"Presentation" means when the creditor exercises its right (i.e. asks the Drawee for acceptance or payment), there is no need to explain the reason.‌

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