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s point of view, the ideal arrangement is to draw a sight draft under a documentary credit, and to receive payment of it immediately upon presentation. ( ) (3) A banker39。《國際結(jié)算》(英文版)習(xí)題集Chapter 1: International Settlement under Globalization5. Please decide whether the following statements are true or false.(1) Greater imports offer consumers a wider variety of goods at higher prices, while providing strong incentives for domestic industries to remain petitive. ( )(2) Information technology makes the international trade more efficient than ever. ( )(3) International lending is often acpanied by international payments. ( )(4) Under the term CFR, it is the seller’s responsibility to insure the goods transported.(5) Cash in advance, open account, collection and documentary credit are the usual methods of payment to settle international trade transactions. ( )(6)To the exporter of goods, the most satisfactory arrangement as far as payment is concerned is to receive it in advance. ( )(7) Trade on open account arrangement usually satisfies the seller’s desire for cash and the import’s desire for credit. ( )6. Please choose the answers to each of the following questions.(1) international payments and settlements may arise from( ). A. mercial payments B. payments for the services rendered C. payments between governments D. transfer of funds among countries. (2) An additional risk borne by the seller when granting a credit to the buyer is that the latter will not_______. A. accept the bill B. take up the documents C. take delivery D. make payment at maturity(3) To the exporter, the fastest and safest method of settlement is_____. A. letter of credit B. advance payment C. collection D. banker’s draft (4) To the importer, the fastest and safest method of settlement is_____. A. letter of credit B. cash in advance C. open account D. banker’s draft 7. Please answer the following questions.(1) Explain the definition of international settlement.(2) How many main types of international settlement methods are used in the internatinal trade?(3) What are the liabilities of a exporter in the international settlement?Chapter 2: International Clearing Systems And SWIFT 5. Please decide whether the following statements are true or false.(1) Since the 195039。s, the US dollar has been the primary currency for the settlement of international payments. ( )(2) To facilitate automated payments, CHIPS has assigned a fourdigit Universal Identification Number (UID) to banks, branches, subsidiaries and corporate customers around the world that maintain accounts with their CHIPS participants. ( ) (3) Euro is the new single currency used by the European Council. There are two types of value transfer about Euro payment transaction systems (TARGET and Euro 1). ( )6. Please choose the answers to each of the following questions.(1) Currencies such as ( ) used in the international settlement are convertible currencies. A. USD B. JPY C. EUR D. GBP(1) US dollar clearing systems do not include ( ). A. CHIPS B. FEDWIRE C. booktransfer D. ACH E. CHAPS(2) international payments and settlements may arise from( ). A. mercial payments B. payments for the services rendered C. payments between governments D. transfer of funds among countries. (3) All the parties to a collection are bound by____ ________. A. UCP400 B. UCP500 C. URC522 D. URC254Chapter 3: Correspondent Banking5. Please decide whether the following statements are true or false.(1) In a sense, banks themselves are the best customers for each other. ( )(2) Correspondent relationship is dispensable in conducting international banking business. ( ) (3) Besides vostro accounts, most accounts opened by the bank with vostro account are investment accounts. ( )(4) A bank’s access to foreign exchange can not be rated higher than that of its country. ( )(5) Ratio of liquidity assets refers to the ration of those assets can be shifted into payable instruments. The smaller the ratio, the better the liquidity a bank will have. ( )6. Please choose the answers to each of the following questions.(1) After the establishment of correspondent relationship, two banks should exchange ( ) with each other. A. authorized signatures book B. test key C. SWIFT key D. schedule of terms and conditions(2) Credit line establishment for correspondent is one of the most important works. Banks usually have a special department to be in charge of risk. Risk may include ( ). A. country risk B. rating bank risk C. political risk D. currency and interest risk (3) The receiving bank verifies this number with the arrangement so as to be certain that the ( ) is sent by a particular bank. A. Cable B. Telex C. Email D. Telephone 7. Please answer the following questions.(1) What are types of accounts from which the account holding bank can render services?(2) What the steps are taken by a bank to grant credit line? Chapter 4: Instruments5. Please decide whether the following statements are true or false.(1) The time draft which payment is to be made at specified future time is called tenor draft. ( )(2) From the import39。s draft is a negotiable instrument drawn payable to order by a bank as drawer on the same bank as drawee. ( )(4) A cheque is a demand bank draft. ( )(5) A draft is a conditional order in writing. ( )(6) There is no acceptor in a promissory note. ( )(7) A promissory note is an unconditional or