Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.A．Confirmed irrevocable documentary creditB．Open accountC．Documentary collection D/AD．None of the above
题目
Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.
A．Confirmed irrevocable documentary credit
B．Open account
C．Documentary collection D/A
D．None of the above
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更多“Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.A．Confirmed irrevocable documentary creditB．Open accountC．Documentary collection D/AD．None of the above”相关问题
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第1题：
In London, a premium on a foreign exchange rate means ______.
A．the foreign currency is dearer
B．the foreign currency is cheaper
C．the foreign currency is less valuable
D．it has no relevance at all
正确答案：A
解析：外汇升水(premium)意味着外汇更贵，外币升值。discount贴水。foreign exchange rate汇率。foreign currency外币。 -
第2题：
Which of the following terms of payment has the least country risk?
A．Revocable documentary credits.
B．Confirmed Irrevocable documentary credits.
C．Documentary collection Ｄ/P.
D．Documentary collection Ｄ/Ａ.
正确答案：B
解析：不可撤销保兑跟单信用证(confirmed irrevocable documentary credit)有开证行和保兑行 的双重保证；可撤销跟单信用证(revocable documentary credits)使买方在开证行付款前可随意撤销；跟单托收付款交单(documentary collection D/P)使进口商只有向指示行付款后才能拿到提货单；跟单托收承兑交单(documentary collection D/A)要求进口方承兑汇票后，出口商才交付提货单。通过以上介绍，知B项主权风险最小。 -
第3题：
听力原文：In foreign exchange transactions, a forward purchase is an undertaking to buy a particular amount of foreign currency for delivery and settlement of a future date.
(7)
A．A forward transaction is done on a future date.
B．A forward purchase is to buy foreign currency in future.
C．A forward purchase is to buy a foreign currency with settlement on a future date.
D．A forward transaction is to buy a foreign currency on future date.
正确答案：C
解析：单句意思为“在外汇交易中，远期交易就是购入一定量的外币准备在未来某一日期交付和结算。” -
第4题：
听力原文：If a remitting bank fails to take proper care in the outward collection, the exporter will soon transfer his account to one which does.
(7)
A．If a remitting bank cannot take proper care in collection, the exporter will do it himself.
B．If a remitting bank cannot fulfill its obligation in collection, the exporter will claim indemnify for it.
C．If a remitting bank cannot take proper care in collection, it will lose a customer.
D．If a remitting bank cannot fulfill its obligation in collection, it will cause loss to the exporter.
正确答案：C
解析：单句意思为“如果汇出行没能及时处理好出口托收，出口商将把它的账户立即转到另一家银行。” -
第5题：
听力原文：Typical foreign exchange transactions involve trades of one currency for another in the spot or cash market, or forward transactions.
(3)
A．Forward transactions is not of typical foreign exchange transactions.
B．Typical foreign exchange transactions occur in the spot or cash market.
C．Forward transactions don't occur in the spot or cash market.
D．Typical foreign exchange transactions occur only in the spot market.
正确答案：B
解析：单句意思为“典型的外汇交易包括在即期或现货市场以一国货币换取另一国货币，或远 期交易”。 -
第6题：
The exporter has gotten the funds before he ships the goods in foreign collection.
A．Right
B．Wrong
C．Doesn't say
正确答案：B
解析：倒数第二句是说Before the goods it has bought can be shipped, the importer must place funds with its bank，而不像题中所说的“出口商在发出货物之前，就已经拿到了托收款”。 -
第7题：
The price in the foreign exchange market is called ______.
A．the trade surplus
B．the exchange rate
C．the money price
D．the currency rate
正确答案：B
解析：汇率又译为“汇价”，“外汇行市”，一般用于外汇市场两种不同货币之间的比价。trade surplus贸易顺差，C、D说法很少见。 -
第8题：
Foreign exchange is convertible currency but foreign to the holder.
A．Right
B．Wrong
C．Doesn't say
正确答案：A
解析：文中一开始就说出Foreign exchange is by definition foreign to the holder...，接着第三句指出Foreign exchange markets...that convert issues of foreign money for local units. -
第9题：
资料：Actually, any sale is a gift until you get paid. But exporters are especially concerned, since their buyers might be 10,000 miles away！
So, understanding the four basic ways to get paid for an international order is important. The method you select will affect the risk you bear, the size of orders you might be able to get, and the financing you might require to fill the order.
The following are the methods of payment for the exporter, from the most to the least secure:
Cash-in-advance. New exporters frequently request this method. Their attitude typically is, "I don't know you very well but, if you send me the money, I'll send you the goods."
●Advantage: The exporter gets paid before the shipment leaves the U.S. If cash is received prior to production, the exporter will not need additional working capital.
●Drawback: It limits the exporter's sales potential since it ties up the importer's cash; can be a very non-competitive payment method if other suppliers are offering similar products or services.
Letter-of-credit. Letters of credit （L/C） substitute the creditworthiness of the importer and exporter with that of their respective banks.
●Advantage: The exporter will be paid if the terms and conditions of the L/C are met.
●Drawback: There are fees associated with opening and amending L/Cs; the importer's cash is tied-up since cash or other assets need to collateralize the L/C, which in turn might reduce the order size. The exporter still might need additional working capital to produce the product or service, since L/Cs will not pay prior to shipment/performance.
Documentary collections. This method uses the banking system for the exporter to send the necessary documents associated with the order to the importer.
●Advantage: The documents and goods are not released until importer pays or agrees to pay at some future date. If the buyer refuses to accept the documents and goods, the exporter retains title to the goods and can sell them to a third party or bring them back to the U.S.
●Drawback: No guaranty of payment, since the banks only act as intermediaries. The exporter will need to finance the production cycle, the shipment time, plus a longer period if the importer agrees to pay at a later date, until final payment is received
Open account: Open account terms for international sales are similar to domestic open account sales. The buyer agrees to pay in a set number of days-typically 30, 60, or 90-from the invoice, shipment or delivery date.
●Advantage: More competitive terms which can help secure larger orders
●Drawback: The goods are gone and the buyer might not pay. This risk can be greatly reduced by obtaining credit insurance from the Export-Import Bank of the U.S. on the foreign accounts receivable.
Knowing the advantages and drawbacks to each method of payment can help to better prepare you for negotiating payment terms with your potential overseas customers. More detail and support on these and other trade financing issues can be obtained by contacting one of SBA's trade finance specialists in 20 U.S. Export Assistance Centers around the country.
What magazine column might the article be in?A.Business
B.Economy
C.Social
D.Culture答案：A解析：本题的问题是“该文章可能是什么杂志专栏？”。 A选项“商业”；B选项“经济”；C选项“社会”；D选项“文化”。根据主题句，推断文章主要围绕出口业务展开，故A选项更符合题意。 -
第10题：
Questions from 31 to 35 are based on the following passage: The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.” Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A). Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment. Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents. Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement. In a transaction, if payment is made by collection, then the remitting bank is always located in（）
- A、Seller’s country
- B、Buyer’s country
- C、Either A or B
- D、None of the above
正确答案:A -
第11题：
Questions from 31 to 35 are based on the following passage: The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.” Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A). Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment. Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents. Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement. A draft can be described as followings except（）.
- A、a bill of exchange
- B、a kind of shipping documents
- C、a bill
- D、a written paying order
正确答案:B -
第12题：
问答题Practice 10 The U. S. Dollar is the currency most often used in international trade. If the currency of export sales is different from the currency of the exporting country, for example a Japanese exporter sells in U.S. Dollars, the exporter may encounter exchange risks-risks from fluctuations in exchange rates, for example between the U. S. Dollar and the Japanese Yen. In case of the Yen appreciation at the time of converting the U.S. Dollar to the Yen, the exporter will get less Yen per U.S. Dollar. Conversely, in case of the Yen devaluation the exporter will get more Yen per U.S. Dollar. Hence, in time of currency appreciation in the exporting country, it is important that the exporter ships the goods earlier, unless an earliest date for shipment is stipulated in the L/C or has been agreed upon between exporter and importer, and present the negotiating documents to the bank immediately. The exporter may contract with the bank to sell the U.S. Dollar forward in a so-called forward exchange, at a predetermined rate on an agreed future date, thus he/she will not be affected by the currency appreciation and will receive a fixed amount in his/her own currency at a future date.正确答案： 【参考译文】
美元是国际贸易中使用最多的货币,假如出口国在出口时所使用的货币与本国货币不同,例如日本出口商在出口时使用了美元,该出口商就有可能遇到汇率风险,汇率风险即由于汇率浮动而产生的风险,例如在美元与日元兑换时出现的风险。
如果将美元兑换成日元时出现日元升值的情况,出口商每一美元所换日元就会减少。如果情况相反日元呈贬值趋势,出口商每一美元所换日元就会增加。因此,在出口国货币升值时,出口商提前装船并将议付单据立即提交给银行具有重要意义,除非信用证规定或进出口双方已达成协议不得提前装船。
出口商可同银行签订合同,在未来交割日期,按照预定汇率,提前将美元卖给银行,这即是所谓的远期外汇。至此,出口方将不受货币升值带来的影响,在未来交割日期,收取一定数额的本币。解析： 暂无解析 -
第13题：
－ Can I exchange foreign currency in Bank of China －()A、No, you can’t. Bank of China is not responsible for exchanging foreign currency.
B、Yes, you can. Bank of China is an authorized foreign exchange bank.
C、No, you can’t. Bank of China is not open on Sundays.
参考答案：B
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第14题：
The term foreign exchange is best defined by the following statement: it is ______.
A．the rate of exchange between two currencies
B．synonymous with currency exchange
C．the place in which foreign currencies are exchanged
D．an instrument such as paper currency, note, and check used to make payments between countries
正确答案：D
解析：外汇通常指以外国货币表示的可用于国际结算的各种支付手段，包括纸币、支票、票据等。the rate of exchange between two currencies两国货币的汇率。synonymous with currency exchange与货币兑换率含义相同。 -
第15题：
听力原文：A currency swap is a second technique for hedging long-term transaction exposure to exchange rate fluctuations.
(10)
A．A currency swap is a better way to convert the long-term transaction into a spot transaction.
B．A currency swap makes long-term transaction exposure to exchange rate fluctuations.
C．A currency swap is a better way to reduce the risks of the long-term transactions owing to the exchange rate fluctuations.
D．A currency swap can in no way reduce the risk of exchange rate fluctuations.
正确答案：C
解析：单句意思为“外汇浮动对远期交易有一定影响外汇互换可以降低这一风险。” -
第16题：
In the foreign exchange market, which is made up of banks' traders and brokers, prices (61) every minute (62) to supply and demand. For safety's sake, a branch will get a rate from their traders for a big transaction. Therefore the traders give their branches lists of exchange rates (63) they may buy and sell notes and payments in the main currencies.
Whenever a bank in Britain makes a payment in foreign currency, or makes a payment in sterling to a non-resident, the payment has first to (64) under British exchange control regulations. The bank itself can usually authorize the payment after seeing a document such as an invoice to show that the payment is due; but cases (65) borrowing and lending have to be referred to the Bank of England.
(46)
A．alter
B．vary
C．turn
D．convert
正确答案：B
解析：vary变化，改变，不及物动词。alter改变，常作及物动词。convert使转变，转换。 -
第17题：
In foreign collection basis the importer and exporter trade upon their reputation.
A．Right
B．Wrong
C．Doesn't say
正确答案：B
解析：..so that the exporter is assured that payment will be made with collected funds，说明在国外托收方式下，出口商的货款回收以托收款为保证，早在出口商发货之前，托收款就已经存入进口方银行，因此并非如题中所说“以各自信用保证为基础进行的贸易”。 -
第18题：
Method of payment shall be () the Irrevocable L/C payable()sight ()U.S. Currency.
A、with, at, by
B、by, on, with
C、on, by, with
D、by, at, in
参考答案：D
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第19题：
When a country runs a foreign trade deficit under a flexible foreign exchange rate system, its ______.
A．imports automatically increase
B．currency automatically depreciates
C．exports automatically decline
D．currency automatically appreciates
正确答案：B
解析：句意：在浮动汇率制度下，一国对外贸易处于逆差状态时，其货币会自动贬值。A、C、D选项都不符合。 -
第20题：
According to the passage, which of the following statements is correct?
A．A "revocable credit" may be cancelled at any time.
B．The credits are usually in favor of the exporter.
C．An "irrevocable credit" may not be amended.
D．The credits are usually in favor of the importer.
正确答案：C
解析：文章第二段提到An "irrevocable credit" may not be cancelled…all the parties involved．不可撤销信用证在没有得到其它相关方同意的时候是不能被取消和修改的。 -
第21题：
Questions from 31 to 35 are based on the following passage: The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.” Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A). Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment. Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents. Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement. The meaning of D/A is（）.
- A、documents against acceptance
- B、documents against payment
- C、delivery after payment
- D、cash against payment
正确答案:A -
第22题：
Questions from 31 to 35 are based on the following passage: The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.” Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A). Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment. Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents. Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement. Under D/P , the importer can obtain the goods only by（）.
- A、showing the bill of lading
- B、signing on the bill of exchange
- C、paying in cash
- D、paying or accepting the bill of exchange
正确答案:D -
第23题：
Which of the following is the SMTP provider for Exchange 2010 and controls every component of message processing OUT？（）
- A、Foreign connector
- B、Microsoft Exchange Active Directory Topology service
- C、Routing table
- D、Microsoft Exchange Transport service
正确答案:D