1、If the seller finds some discrepancies in the Letter of Credit, whom does he or she write to asking for an amendment?（ ）
A、the advising bank
B、the buyer
C、the negotiating bankthe buyer
D、the issuing bank
2、We heard that the company had _____ several drafts so we decided not to deal with them.（ ）
A、protest
B、read
C、presented
D、dishonored
3、The exporters were willing to grant 3 months’ credit so they draw a draft at 90 days after ______.
A、payment
B、sight
C、negotiation
D、dispatch
4、They _______ the bank to let the agent clear the goods.
A、demanded
B、close
C、told
D、instructed
5、We should be pleased to send you a sample____ our own expense.
A、at
B、against
C、in
D、of
6、Any alteration in design would mean re-setting our machines, and the cost of this would be prohibitive___ you could place an order for more than 5,000.
A、when
B、unless
C、until
D、with
7、Thank you for your remittance of US $ 2,150.00 _____the 70% freight due under Invoice No.22B/96.
A、in payment of
B、for payment for
C、of paying
D、pay for
8、The discount of 5% agreed on was granted only_____ no balance was outstanding from previous account.
A、depends on
B、on condition that
C、that
D、on condition
9、When submitting our quotation, we suggested that the relevant L/C ___ as early as possible.
A、would be established
B、be established
C、establishes
D、is established
10、An L/C should be opened ____ our favor available by documentary draft____ sixty days’ sight.
A、for,down
B、in,out
C、in,after
D、for,in
11、We will draw____ you by our documentary draft at sight on collection basis.
A、on
B、at
C、for
D、up
12、Please extend this letter of credit, which expires ____ January 25.
A、on
B、at
C、for
D、in
13、If the amount exceeds that figure, payment ____ L/C will be required.
A、in
B、by
C、at
D、on
14、International payments are financial activities conducted among different countries in which funds are ____ from one country to another in order to ______ relations of debts.
A、paid, transfer
B、transfer, cleared
C、transferred, clear
D、cleared, transfer
15、Applicant (Buyer) fills out and signs an application form, ____ the bank to issue a credit in favor of the beneficiary (seller) abroad.
A、asking
B、observing
C、drawing
D、going
16、A bill of exchange is defined officially as an unconditional order in writing, addressed by one person to another, signed by the first person, requiring the second person to whom it is addressed to pay on demand, or at a fixed or determinable future
A、bank
B、importer
C、drawee
D、bearer
17、When the holder of a draft wants to pass its title to another person, he should ____ the draft and deliver it to the endorsee.
A、pass
B、endorse
C、recourse
D、dishonor
18、Acceptance of a draft is a signification by the drawee of his assent to the order given by the drawer. He engages, by signing his name across the face of the bill that he will pay when it falls_____.
A、due
B、maturity
C、force
D、valid
19、Act of dishonor is a (an) ____ to make acceptance on or payment of a draft when it is____.
A、refusal, maturity
B、agreement, presented
C、agreement, maturity
D、refusal, presented
20、A letter of credit is a written undertaking by an issuing bank given to the seller (beneficiary) at the request, and on the instruction, of the buyer (applicant) to pay at sight or at a determinable future date up to a stated sum of money, within a p
A、comply with
B、transfer
C、observe
D、by
