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lOMoAR cPSD| 61152560
Answer: The bank holds the exporter's account.
The payment terms of the foreign trade contract show “By T/ T within 90 days after shipment.”
This i s the payment method of money transfer ......... by... With this method, . ......... at risk because it
might not be.. To limit this risk, they can use..... …
Answer: postpaid / electricity / merchant / payment / factoring
Which of the following i s the responsibility of the remitter bank i n the money transfer method?
Answer: Check the relationship between the beneficiary and the money transmitter
A bil of exchange wil have no l egal value i f i t shows
Answer: Pay company A if the goods are delivered in accordance with the contract lOMoAR cPSD| 61152560
a. Nostro ; balance is reduced.
b. Nostro ; balance is i ncreased.
c. Vostro ; balance is reduced.
d. Vostro ; balance is i ncreased.
Question 5: Bank A in Germany opens a JPY account at bank B i n Japan and vice versa, bank B i n Japan opens a EUR
account at bank A in Germany. Thus, bank A calls the JPY account ................. and the EUR account the ............ .... Choose the
correct order from the following: Select one: a. Vostro ; Vostro b. Nostro ; Nostro
c. Nostro ; Vostro d. Vostro ; Nostro
Question 6: Bank A in Vietnam opens an account in GBP at Correspondent Bank B i n the UK. Bank A needs to transfer EUR
from Vietnam to Germany. Then, for bank A, the GBP account is the ......... will ............. Select one:
a. Nostro ; balance is reduced.
b. Nostro ; balance is i ncreased.
c. Vostro ; balance is reduced.
d. Vostro ; balance is i ncreased. lOMoAR cPSD| 61152560
C1: In the business of accepting bills of exchange, which of the following statements is TRUE?
ÿ The person who signs the bill of exchange is the drawee
C2: Which of the following statements is TRUE regarding i nsurance documents?
ÿ The insurance document is effective from the date the insurance document is issued unless otherwise stated
C3: With trade being CFR Incoterms 2020,
which of the following transport documents has the appropriate representation?
ÿ Ocean bill of Lading with “shipper on board” and “freight prepaid” notes
C4: Promissory note i s a document of unconditional debt acceptance made by a debtor and a commitment to pay the creditor
a certain amount within a specified period.
C5: In i nternational payment activities, the risk that the seller receives payment later than agreed i n the foreign trade contract
because the buyer i n another country delays payment i s called:
ÿ Counterparty risk