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s for sale, namely (1) goods sold (2) consignment ? 5. The mail transfer is a remittance, at the request of a remitter, effected by a (1) M/T Advice or (2) Payment Order sent by the remitting bank to the paying bank authorizing the latter to the notify and pay a certain sum in money to the payee of the remittance. ? True or False ? 1. DD stands for Demand Draft. (T) ? 2. Among TT, MT and DD, TT is the quickest method of payment. (T) ? 3. Among TT, MT and DD, TT is the cheapest method of payment. (F) ? 4. A further advantage of TT over MT is that there is no danger of instructions being delayed or lost in the post. (T) ? 5. In the case of MT, the remitting bank issues a draft to its customer, and directs its foreign branch or correspondent by mail to make the payment to the beneficiary. (F) ? 6. The normal practice now is to send all mail transfers by airmail. (T) ? 7. The operations of a telegraphic transfer is just the same as mail transfer. (F) choice ? 1. If the London’s bank makes a payment to a correspondent abroad, D . A. it will remit the sum abroad B. the foreign bank’s vostro account(來賬 )will be credit. C. the London bank’s nostro account(往賬 )will be credit. D. either A or B ? 2. If Barclays instructs Citibank to pay a sum of USD100 000 to Midland, its nostro account should be B . A. Credited B. debited C. increased D. decreased ? 3. A D payment does not take as long as an MT payment. A. SWIFT B. TT C. DD D. A or B ? 4. Large payment should be made by D . A. SWIFT B. TT C. DD D. A or