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

Preview text:

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