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1、国际结算（英文版）习题集Chapter 1: International Settlement under Globalization5. Please decide whether the following statements are true or false.(1) Greater imports offer consumers a wider variety of goods at higher prices, while providing strong incentives for domestic industries to remain competitive. ( )(2
2、) Information technology makes the international trade more efficient than ever. ( )(3) International lending is often accompanied by international payments. ( )(4) Under the term CFR, it is the sellers responsibility to insure the goods transported.(5) Cash in advance, open account, collection and
3、documentary credit are the usual methods of payment to settle international trade transactions. ( )(6)To the exporter of goods, the most satisfactory arrangement as far as payment is concerned is to receive it in advance. ( )(7) Trade on open account arrangement usually satisfies the sellers desire
4、for cash and the imports desire for credit. ( )6. Please choose the answers to each of the following questions.(1) international payments and settlements may arise from( ). A. commercial payments B. payments for the services rendered C. payments between governments D. transfer of funds among countri
5、es. (2) An additional risk borne by the seller when granting a credit to the buyer is that the latter will not_.A. accept the bill B. take up the documents C. take delivery D. make payment at maturity(3) To the exporter, the fastest and safest method of settlement is_.A. letter of credit B. advance
6、payment C. collection D. bankers draft (4) To the importer, the fastest and safest method of settlement is_.A. letter of credit B. cash in advance C. open account D. bankers draft 7. Please answer the following questions.(1) Explain the definition of international settlement.(2) How many main types
7、of international settlement methods are used in the internatinal trade?(3) What are the liabilities of a exporter in the international settlement?Chapter 2: International Clearing Systems And SWIFT 5. Please decide whether the following statements are true or false.(1) Since the 1950s, the US dollar
8、 has been the primary currency for the settlement of international payments. ( )(2) To facilitate automated payments, CHIPS has assigned a four-digit Universal Identification Number (UID) to banks, branches, subsidiaries and corporate customers around the world that maintain accounts with their CHIP
9、S participants. ( ) (3) Euro is the new single currency used by the European Council. There are two types of value transfer about Euro payment transaction systems (TARGET and Euro 1). ( )6. Please choose the answers to each of the following questions.(1) Currencies such as ( ) used in the internatio
10、nal settlement are convertible currencies. A. USD B. JPY C. EUR D. GBP(1) US dollar clearing systems do not include ( ). A. CHIPS B. FEDWIRE C. book-transfer D. ACH E. CHAPS(2) international payments and settlements may arise from( ). A. commercial payments B. payments for the services rendered C. p
11、ayments between governments D. transfer of funds among countries. (3) All the parties to a collection are bound by_ _. A. UCP400 B. UCP500 C. URC522 D. URC254Chapter 3: Correspondent Banking5. Please decide whether the following statements are true or false.(1) In a sense, banks themselves are the b
12、est customers for each other. ( )(2) Correspondent relationship is dispensable in conducting international banking business. ( ) (3) Besides vostro accounts, most accounts opened by the bank with vostro account are investment accounts. ( )(4) A banks access to foreign exchange can not be rated highe
13、r than that of its country. ( )(5) Ratio of liquidity assets refers to the ration of those assets can be shifted into payable instruments. The smaller the ratio, the better the liquidity a bank will have. ( )6. Please choose the answers to each of the following questions.(1) After the establishment
14、of correspondent relationship, two banks should exchange ( ) with each other. A. authorized signatures book B. test key C. SWIFT key D. schedule of terms and conditions(2) Credit line establishment for correspondent is one of the most important works. Banks usually have a special department to be in
15、 charge of risk. Risk may include ( ). A. country risk B. rating bank risk C. political risk D. currency and interest risk (3) The receiving bank verifies this number with the arrangement so as to be certain that the ( ) is sent by a particular bank. A. Cable B. Telex C. Email D. Telephone 7. Please
16、 answer the following questions.(1) What are types of accounts from which the account holding bank can render services?(2) What the steps are taken by a bank to grant credit line? Chapter 4: Instruments5. Please decide whether the following statements are true or false.(1) The time draft which payme
17、nt is to be made at specified future time is called tenor draft. ( )(2) From the imports point of view, the ideal arrangement is to draw a sight draft under a documentary credit, and to receive payment of it immediately upon presentation. ( ) (3) A bankers draft is a negotiable instrument drawn paya
18、ble to order by a bank as drawer on the same bank as drawee. ( )(4) A cheque is a demand bank draft. ( )(5) A draft is a conditional order in writing. ( )(6) There is no acceptor in a promissory note. ( )(7) A promissory note is an unconditional order in writing. ( )(8) There are only two parties in
19、 a promissory note. ( )(9) In a promissory note, the maker and drawee are the same person. ( ) (10)A term bill may be accepted by the endorser. ( )(11) In the case of MT, the remitting bank issues a draft to its customer, and instructs its foreign branch or correspondent by mail to make the payment
20、to the beneficiary. ( )(12) Drafts which are payable at a future date are called demand drafts. ( )(13) Banks have no liability for any delay or loss caused by postal or telex failure. (14) Promissory notes are commercial documents. ( )(15) In the case of documents payable at sight the presenting ba
21、nk must make presentation for payment without delay. ( )(16) Accepted drafts must be presented for payment on maturity. ( )(17) A bill should be protested within one business day of dishonour. ( )(18) The instructions of the drawee override the collection order. ( )(19) A remitting bank will not acc
22、ept unqualified acceptance. ( )(20) Acceptance must be made at the back of the bill and signed by the drawee. ( )6. Please choose the answers to each of the following questions.(1) The most common types of negotiable instruments are ( ). A.bill of exchange B. promissory note C.cheque D. travellers c
23、heque (2) A cheque must be signed by ( ).A. the drawer B. the drawee C. the payer D. the payee(3) The person paying the money is a ( ) of a cheque.A the drawer B the drawee C endorser D endorsee(3) Only by endorsement the interest in the bill of exchange can be transferred by ( ) .A the drawee B the
24、 drawerC the holder D any person to the bill(4) If Barclays instructs Citibank to pay a sum of USD100000 to Midland, its nostro account should be ( ).A credited B debited C increased D decreased(5) The reasonable time concerning protest for non-payment or non-acceptance is usually ( ).A. half a day
25、B. one or two days C. ten hours D. twenty-four-hours7. Please answer the following questions.(1) Negotiable instruments are used significantly in a paper-based payment and fund transfer system. What is characters of instruments?(2) What duties does a holder of a bill of exchange have ?(3) What is en
26、dorsement of bill of exchange? (4) What is acceptance of bill of exchange?(5) What is dishonor of bill of exchange?Chapter 5: Means of International Settlement Remittance5. Please decide whether the following statements are true or false.(1) Usually a remitting bank sends a payment order with tested
27、 key to the paying bank abroad by mail and debits the paying banks account with it if they have account relationship with each other. ( )(2) Bank draft is a rather flexible remitting instrument for it can not only remit, but also draw a draft. ( ) (3) With rapid telecommunication, most payment trans
28、actions are handled by telegraphic transfer. ( )6. Please choose the answers to each of the following questions.(1) The remittance will be done by several means ( ).A.transfer of mail B. draft and telegraphic C.credit card D. travelers check and E-Banking or Web (2) A.promissory note is written and
29、signed by ( ) ,and sent to ( ). A.the exporterthe buyer B.the buyerthe exporter C.the exporterthe another exporter D.the buyerthe another buyer(3) ( ) is drawn by the exporter and sent to the buyer. A.Draft B.Promissory note C.I.O.U. D.Cheque7. Please answer the following questions.(1) What is the r
30、eason that a customer selects bank draft as a remittance instrument instead of telegraphic transfer?(2) In the process of payment transfer, some mistakes may occur, such as late payment, duplicate payment, under and over payment, wrong account at right bank and so on, which may arise loss for a bank
31、. What is the Rules of Interbank Compensation is therefore worked out to settle the dispute among banks?(3) What does remittance refer to?(4) What is the differences between T/T and M/T?(5) Why is it faster by using T/T and by using M/T?.Chapter 6: Means of International Settlement- Collection5. Ple
32、ase decide whether the following statements are true or false.(1) A documentary collection is more secure than settlement on open account, because the importer can may take possession of the goods with either making payment or accepting a bill of exchange. ( )(2) With a D/A arrangement, the importer
33、 takes possession of the goods after payment is actually effected. ( ) (3) When remitting bank has an account with collecting bank, the collection instruction will be “ please debit our account with you under you SWIFT/airmail advice to us.”. ( )(4) When the collecting bank has an account with the r
34、emitting bank, the collection instruction will be “please collect the proceeds and authorize us by SWIFT/airmail to debit your account with us.” ( )(5) If the instructions are D/P, the importers bank will release the documents to the importer only against payment. (6) It is unnecessary to carry out
35、the collection instruction in the case of non-payment. (7) A documentary collection is an arrangement whereby the seller draws only a draft on the buyer for the value of the goods and presents the draft to his bank. (8) Under documentary collection, the remitting bank has no obligation to examine do
36、cuments. (9)Normally D/P will apply with sight drafts and D/A will apply with usance drafts. (10) The four main parties to a documentary collection are the principal, the remitting bank, the collecting bank and the drawee. (11) The principal is usually the importer. (12) Banks have no obligation to
37、take any action in respect of the goods to which a documentary collection relates.(13) The authority of the “case of need” must be specified in the collection order. (14) It is unnecessary to carry out the collection order in the case of non-payment. 6. Please choose the answers to each of the follo
38、wing questions.(1) When there is no account relationship between remitting bank and collecting bank, the collection instruction will be “please collect and remit the proceeds to X Bank for ( )our account with them under their SWIFT/airmail advice to us.” A.credit B. debit C. remit D. collect (2) The
39、 instructions for collection are mainly ( ). A. those in the contract B. written on the Bill of Exchange C. given by the importers D. given by the exporters(3) It will be more convenient if the collection bank appointed by the seller ( ). A. is a large bank B. is the remitting banks correspondent in
40、 the place of the importer C. is in the exporters country D. acts on the importers instructions(4) The operation of collection begins with ( ). A. the customer and the remitting bank B. the remitting bank and the collection bank C. the presenting bank and the drawee D. the collection bank and the pr
41、esenting bank(5) Detailed instructions must be sent to the collecting bank ( ). A. in the application form B. in the collection order C. in the documents D. both A and B(6) The collection bank will make a protest only when ( ). A. the documents are rejected B. a case of need is nominated C. specific
42、 instructions concerning protest are given D. protective measures in respect of the goods are taken(7) If it is stated as D/P ,the documents can be released ( ). A. against payment B. against acceptance C. in either way D. against acceptance pour aval(8) ( )is the bank to which the principal has ent
43、rusting the collection. A. The remitting bank B. The collection bank C. The presenting bank D. Both A and B(9) ( ) must make his instructions to ( ) clear in his collection order. A. The remitting bankthe collecting bank B. The principalthe drawee C. The principalthe remitting bank D. The draweethe
44、collecting bank(10) If collection order states that partial payments are accepted, the presenting bank will ( ).A. only release the documents to the drawee after full payment has been receivedB. release the documents to the drawee after partial payment has been receivedC. refuse to accept the partial paymentD. not release any documents to the drawee(11) After the goods have been shipped, the exporters present the documents to ( ).A. the remitting bank
