1、For a confirmed credit, the confirming bank holds the same liability as the issuing bank.
A、对
B、错
2、Using a third currency in collecting payment is the best protection against currency risk for the seller.
A、对
B、错
3、Since under L/C the seller gets payment from a party independent of the buyer, it is the safest mode for him.
A、错
B、对
4、Under collection though the seller collects payment through banks, it is not guaranteed that he will receive the money as collection is still based on commercial credit.
A、对
B、错
5、In international trade clean collection is more frequently used than documentary collection.
A、错
B、对
6、A letter of credit not mentioning it is non-transferable will be seen as transferable.
A、错
B、对
7、If there is no specific provision, the draft under a letter of credit should draw on the ____.
A、applicant
B、negotiating bank
C、advising bank
D、issuing bank
8、A collection means an arrangement whereby the seller draws a draft on the buyer and authorizes hisbank to collect.
A、错
B、对
9、The buyer, also known as the drawee in the collection practice. He is the one who owes the indicated amount and who is mentioned as drawee on the bill of exchange drawn by the seller.
A、对
B、错
10、Bill of Exchange is awritten instrument which contains an unconditional order whereby the drawer directs the drawee to pay a definite sum of money to the payee or to his order.
A、错
B、对
