【正文】 der in writing. ( )(8) There are only two parties in a promissory note. ( )(9) In a promissory note, the maker and drawee are the same person. ( ) (10)A term bill may be accepted by the endorser. ( )(11) In the case of MT, the remitting bank issues a draft to its customer, and instructs its foreign branch or correspondent by mail to make the payment to the beneficiary. ( )(12) Drafts which are payable at a future date are called demand drafts. ( )(13) Banks have no liability for any delay or loss caused by postal or telex failure. (14) Promissory notes are mercial documents. ( )(15) In the case of documents payable at sight the presenting bank must make presentation for payment without delay. ( )(16) Accepted drafts must be presented for payment on maturity. ( )(17) A bill should be protested within one business day of dishonour. ( )(18) The instructions of the drawee override the collection order. ( )(19) A remitting bank will not accept unqualified acceptance. ( )(20) Acceptance must be made at the back of the bill and signed by the drawee. ( )6. Please choose the answers to each of the following questions.(1) The most mon types of negotiable instruments are ( ). of exchange B. promissory note D. traveller’s cheque (2) A cheque must be signed by ( ). A. the drawer B. the drawee C. the payer D. the payee(3) The person paying the money is a ( ) of a cheque. A the drawer B the drawee C endorser D endorsee(3) Only by endorsement the interest in the bill of exchange can be transferred by ( ) . A the drawee B the drawer C the holder D any person to the bill(4) If Barclays instructs Citibank to pay a sum of USD100000 to Midland, its nostro account should be ( ). A credited B debited C increased D decreased(5) The reasonable time concerning protest for nonpayment or nonacceptance is usually ( ). A. half a day B. one or two days C. ten hours D. twentyfourhours7. Please answer the following questions.(1) Negotiable instruments are used significantly in a paperbased payment and fund transfer system. What is characters of instruments?(2) What duties does a holder of a bill of exchange have ?(3) What is endorsement of bill of exchange? (4) What is acceptance of bill of exchange?(5) What is dishonor of bill of exchange?Chapter 5: Means of International Settlement —Remittance5. Please decide whether the following statements are true or false.(1) Usually a remitting bank sends a payment order with tested key to the paying bank abroad by mail and debits the paying bank’s account with it if they have account relationship with each other. ( )(2) Bank draft is a rather flexible remitting instrument for it can not only remit, but also draw a draft. ( ) (3) With rapid telemunication, most payment transactions are handled by telegraphic transfer. ( )6. Please choose the answers to each of the following questions.(1) The remittance will be done by several means ( ). of mail B. draft and telegraphic card D. traveler’s check and EBanking or Web (2) note is written and signed by ( ) ,and sent to ( ). exporter…the buyer buyer…the exporter exporter…the another exporter buyer…the another buyer(3) ( ) is drawn by the exporter and sent to the buyer. note . 7. Please answer the following questions.(1) What is the reason that a customer selects bank draft as a remittance instrument instead of telegraphic transfer?(2) In the process of payment transfer, some mistakes may occur, such as late payment, duplicate payment, under and over payment, wrong account at right bank and so on, which may arise loss for a bank. What is the Rules of Interbank Compensation is therefore worked out to settle the dispute among banks?(3) What does remittance refer to?(4) What is the differences between T/T and M/T?(5) Why is it faster by using T/T and by using M/T?.Chapter 6: Means of International Settlement Collection5. Please decide whether the following statements are true or false.(1) A documentary collection is more secure than settlement on open account, because the importer can may take possession of the goods with either making payment or accepting a bill of exchange. ( )(2) With a D/A arrangement, the importer takes possession of the goods after payment is actually effected. ( ) (3) When remitting bank has an account with collecting bank, the collection instruction will be “ please debit our account with you under you SWIFT/airmail advice to us.”. ( )(4) When the collecting bank has an account with the remitting bank, the collection instruction will be “please collect the proceeds and authorize us by SWIFT/airmail to debit your account with us.” ( )(5) If the instructions are D/P, the importer’s bank will release the documents to the importer only against payment. (6) It is unnecessary to carry out the collection instruction in the case of nonpayment. (7) A documentary collection is an arrangement whereby the seller draws only a draft on the buyer for the value of the goods and presents the draft to his bank. (8) Under documentary collection, the remitting bank has no obligation to examine documents. (9)Normally D/P will apply with sight drafts and D/A will apply with usance drafts. (10) The four main parties to a documentary collection are the principal, the remitting bank, the collecting bank and the drawee. (11) The principal is usually the importer. (12) Banks have no obligation to take any action in respect of the goods to which a documentary coll