1、Credit gives the buyer the opportunity to the goods before having to pay for them.\x05A.distribute B.obtain C.sell D.store2、Under the trade term ,the buyer undertakes the most obligation.\x05A.EXW B.CIF C.CFR D.FOB3、Only by endorsement can the interest in the bill of exchange be transferred by .\x05A.the drawee B.the drawer C.the holder D.any person4、 cheque can be cashed over the counter.A.A non-crossing B.A crossed C.A general crossing D.A special

1、Credit gives the buyer the opportunity to the goods before having to pay for them.
\x05A.distribute B.obtain C.sell D.store
2、Under the trade term ,the buyer undertakes the most obligation.
\x05A.EXW B.CIF C.CFR D.FOB
3、Only by endorsement can the interest in the bill of exchange be transferred by .
\x05A.the drawee B.the drawer C.the holder D.any person
4、 cheque can be cashed over the counter.
A.A non-crossing B.A crossed C.A general crossing D.A special crossing
5、A payment does not take as long as M/T payment.
\x05A.T/T B.SWIFT C..D/D D.A or B
6、After the goods have been shipped,the exporters presents the documents to the bank.
\x05A.remitting B.collecting C.reimbursing D.opening
7、A bill of exchange which is accompanied by commercial documents of title to goods is known as .
A.a clean bill B.a documentary bill C.a clean collection D.a documentary collection
8、A revocable credit can not be amended or cancelled only after .
\x05A.the documents under it have been honored
\x05B.it has been amended once
\x05C.the advising bank has notified the beneficiary of its opening
\x05D.it has been confirmed by a correspondent bank
9、Back-to –back credits are advantageous to all .
\x05A.consumers B.manufacturers C.customers D.traders
10、A bill of lading acts as a receipt for the goods .
\x05A.from the exporter to the importer
\x05B.from the shipping company to the exporter
\x05C.from the shipping company to the importer
\x05D.from the importer to the exporter
11．_______must be accepted by the drawee before payment.
A.A sight bill B.A check payable ×× days after sight
C.A promissory note D.A bill payable ×× days after date
12.Commercial invoice must be made out in the name of ___
A.the applicant B.the beneficiary
C.the issuing bank D.the advising bank
13.With an unconfirmed irrevocable letter of credit,_______.
A.the terms and conditions can be amended or cancelled unilaterally by any party
B.only the exporter can amend the credit
C.the advising bank transmits details without commitment to the beneficiary
D.the issuing bank has the ability to cancel the credit at any time
14.A standby letter of credit _______.
A.is never revoked
\x05B.is not a letter of credit
\x05C.is revoked in the event of non-compliance by buyer or seller with the terms of an original credit
D.is revoked in the event of non-compliance by buyer or seller with the terms of the sales contract.
15.A bank will not accept______.
\x05A.an insurance policy B.an insurance certificate
\x05C.an open cover D.a cover note