1. To the exporter, the fastest and safest method of settlement is ( B )A. letter of credit B. cash in advance C. open account D. banker’s draft2. To the importer, the most favorable method of settlement is ( C ) of credit B. cash in advance C. open account D. collection3. Which of the following payment method is based on commercial credit( C ) of credit guarantee C. collection D. standby credit4. An exporter sells goods to a customer abroad on FOB and on CIF terms, who is responsible for the freight charges in each ( A )A. importer; exporter B. exporter; importer C. importer; importer D. exporter; exporter5. International cash settlement has the following disadvantages except ( B ) A. expensive B. safe C. risky D. time-consuming 6. CHIPS is the electronic clearing system for ( B ) B. USD D. EUR 7. CHAPS is the electronic clearing system for ( A ) B. USD D. EUR 8. BOJ-NET is the electronic clearing system for ( D )A. USD B. GBP 9. TARGET is the electronic clearing system for ( C )A. USD B. GBP 10. CHATS is the electronic clearing system for ( D )A. USD B. GBP 11. From a Chinese bank’s point of view , the current account it maintains abroad is known as ( A )A. a nostro account B. a vostro account C. a current account home currency account 12. From a Chinese bank’s point of view , the current account maintained by a foreign bank with him is known as （B ） nostro account vostro account current account foreign currency account13. International trade settlement methods are used to complete the money transfer aroused by ( A)A. goods transactions B. services supply C. security investment D. investment incomes14. Documentary credit business is subject to ( A )A. UCP600...
