Chapter 1 Introduction

Chapter 1 Quiz - Optional

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、单选题:
‏Roles of Banks in International Settlement include the following, except (   ).‌
选项:
A: Accounts settlement
B: Financing facility
C: Guarantee for risk
D: Asset management
答案: 【 Asset management

4、单选题:
‍When establishing correspondent banking relationship, the Control Documents contains (   ).‍
选项:
A: Authorized signatures 
B: Test key
C: Schedule of terms and conditions 
D: All of the above
答案: 【 All of the above

5、单选题:
‏The most commonly used payment instrument is (   ). ​
选项:
A: Barter
B: Cash
C: Commodity
D: Negotiable Instruments
答案: 【 Negotiable Instruments

6、判断题:
‍A Correspondent Bank is always a Depository Bank.  ​
选项:
A: 正确
B: 错误
答案: 【 错误

7、判断题:
‏Correspondent Banks are Non-Depository Banks.‌
选项:
A: 正确
B: 错误
答案: 【 错误

8、判断题:
‌International Settlement has developed from indirect settlement to direct settlement. ​
选项:
A: 正确
B: 错误
答案: 【 错误

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 - Optional

1、单选题:
‍Properties of Negotiable Instruments include (   ).‍
选项:
A: Right Setting
B: Requisite in Form
C: Words Restriction
D: All of the above
答案: 【 All of the above

2、单选题:
‍(   ) is not a basic participating party of a Negotiable Instrument. ‍
选项:
A: Endorser
B: Payee
C: Drawer
D: Drawee
答案: 【 Endorser

3、单选题:
​Properties of Negotiable Instruments do not include (   ).    ​
选项:
A: Availability
B: Right setting
C: Negotiability
D: Words Restriction
答案: 【 Availability

4、单选题:
‍The payer of (   ) effects payment upon presentation.‌
选项:
A: Demand Bill
B: Time Bill
C: Usance Bill
D: Time Draft
答案: 【 Demand Bill

5、单选题:
‌If the Payee is (   ), the Draft can not be endorsed. ​
选项:
A: Indicative Order
B: Restrictive Order
C: Bearer Order    
D: None of the abover
答案: 【 Restrictive Order

6、单选题:
‌ "Pay to A" is a kind of (   ).‌
选项:
A: Restrictive Order 
B: Indicative  Order 
C: Open Order
D: Bearer Order
答案: 【 Indicative  Order 

7、单选题:
​After acceptance, the (   ) replaces the Drawer as the principal debtor of the Draft. ​
选项:
A: Endorser
B: Payee
C: Acceptor
D: Drawee
答案: 【 Acceptor

8、单选题:
‍(   ) is an example of a Restrictive Order.‏
选项:
A: "pay to the order of A"
B: "pay to A or order"
C: "pay to A"
D: "pay to A only"
答案: 【 "pay to A only"

9、单选题:
‎If the (   ) endorses the Draft to another party, it becomes an Endorser. ‏
选项:
A: Payee
B: Drawer
C: Drawee
D: Payer
答案: 【 Payee

10、单选题:
‌(   ) is the principal act of Instruments.​
选项:
A: Endorsement
B: Acceptance 
C: Draw
D: Presentation
答案: 【 Draw

11、单选题:
‍The debtor of (   ) effects payment at a determinable future.​
选项:
A: Demand Draft
B: Time Draft 
C: Demand Bill
D: Sight Bill
答案: 【 Time Draft 

12、单选题:
‌(   ) is not a basic participating party of a Negotiable Instrument. ‍
选项:
A: Endorser
B: Payee
C: Drawer
D: Drawee
答案: 【 Endorser

13、单选题:
‍(   ) is the action of selling a Time Draft (already accepted, but before maturity) to a financial institution at a price less than its face value. ‌
选项:
A: Packing Loan
B: Outward Bill
C: Discounting
D: Factoring
答案: 【 Discounting

14、判断题:
‎"Negotiability" means the title of instruments can be passed from person to person by merely delivery or by endorsement and delivery.   ​
选项:
A: 正确
B: 错误
答案: 【 正确

15、判断题:
‎"Words Restriction" means all the right of an Instrument are determined according to the written words of theInstrument.  ​
选项:
A: 正确
B: 错误
答案: 【 正确

16、判断题:
‏"Returnability" means when the Holder receives payment, he/she should return the signed Instrument to the Payer.​
选项:
A: 正确
B: 错误
答案: 【 正确

17、判断题:
‏A Draft with Indicative Order can be endorsed.‏
选项:
A: 正确
B: 错误
答案: 【 正确

18、判断题:
‍Trader's Bill is based on commercial credit. ‌
选项:
A: 正确
B: 错误
答案: 【

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