2020 International Settlements(Shandong University) 最新满分章节测试答案

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本课程起止时间为:2020-12-09到2021-04-30
本篇答案更新状态:已完结

2. Banking Clearing System in International Payments chapter test

1、 问题:What is a correct statement about vostro account?
选项：
A:It’s a due from account
B:It’s a due to account
C:It’s our bank’s account in the book of an overseas bank denominated in foreign currency.
D:It’s purpose is to facilitate international payments and settlements abroad.
答案: 【It’s a due to account】

2、 问题:Which system adopts a netting payment system? (  )
选项：
A:Fedware
B:Chaps
C:Chips
D:TARGET
答案: 【Chips】

3、 问题:What services are provided by correspondent bank?
选项：
A:Collecting checks, drafts, and other credit instruments.
B:Making credit investigation of firms that borrow in the open market.
C:Providing banks with foreign exchange facilities, including commercial and traveler’s checks.
D:Providing banks with funds/loans in case of need.
答案: 【Collecting checks, drafts, and other credit instruments.;
Making credit investigation of firms that borrow in the open market.;
Providing banks with foreign exchange facilities, including commercial and traveler’s checks.;
Providing banks with funds/loans in case of need.】

4、 问题:What is the advantage of netting payment system?
选项：
A:efficient 
B:secure
C:less settlement risks
D:more powerful processing capacities
答案: 【efficient ;
more powerful processing capacities】

5、 问题:What is a correct statement about Chips?
选项：
A:It’s acronym for Clearing House Interbank Payment System.
B:It’s a netting system.
C:It’s operated by the New York Clearing House Association.
D:It’s member banks are commercial banks in New York.
答案: 【It’s acronym for Clearing House Interbank Payment System.;
It’s a netting system.;
It’s operated by the New York Clearing House Association.;
It’s member banks are commercial banks in New York.】

6、 问题:True or False: Fedware is a system of RTGS. (  )
选项：
A:正确
B:错误
答案: 【正确】

7、 问题:True or False: Chips is a system of RTGS. (  )
选项：
A:正确
B:错误
答案: 【错误】

8、 问题:True or False: Vostro account is a due to account. (  )
选项：
A:正确
B:错误
答案: 【正确】

9、 问题:True or False: Fedware is operated by Fed reserve system. (  )
选项：
A:正确
B:错误
答案: 【正确】

10、 问题:True or False: RTGS means each payment order is settled immediately upon its entry into the system in its entire (gross) amount.
选项：
A:正确
B:错误
答案: 【正确】

3. Financial Documents in International Payments chapter test

1、 问题:Which of the following documents are negotiable ones?
选项：
A:warehouse receipt 
B:dock warrant
C:CDs
D:check
答案: 【CDs;
check】

2、 问题:What is a correct statement about banker’s draft?
选项：
A:It is drawn by a bank.
B:It ‘s a sight draft.
C:It ‘s used in remittance.
D:the drawee bank is a branch or correspondent bank of the issuer.
答案: 【It is drawn by a bank.;
It ‘s a sight draft.;
It ‘s used in remittance.;
the drawee bank is a branch or correspondent bank of the issuer.】

3、 问题:Which of the following statement is true? (  )
选项：
A:the drawer is the party primarily liable for a check.
B:The maker is primarily liable on a promissory note.
C:the drawer is primarily liable for a sight bill.
D:the acceptor is primarily liable for a time bill.
答案: 【the drawer is the party primarily liable for a check.;
The maker is primarily liable on a promissory note.;
the drawer is primarily liable for a sight bill.;
the acceptor is primarily liable for a time bill.】

4、 问题:A traveler’s check is generally involved  (  )
选项：
A:the issuer
B:paying agent
C:holder
D:transferee
答案: 【the issuer;
paying agent;
holder;
transferee】

5、 问题:A credit card is generally involved  (  )
选项：
A:issuing bank
B:cardholder
C:merchant
D:payer
答案: 【issuing bank;
cardholder;
merchant】

6、 问题:True or False: Negotiable instrument is a chose in action. (  )
选项：
A:正确
B:错误
答案: 【正确】

7、 问题:True or False: checks are negotiable instruments. (  )
选项：
A:正确
B:错误
答案: 【正确】

8、 问题:True or False: Clean bil refers to a bill without shipping documents attached thereto. (   )
选项：
A:正确
B:错误
答案: 【正确】

9、 问题:True or False: a check must be drawn upon a banker. (   )
选项：
A:正确
B:错误
答案: 【正确】

10、 问题:True or False: A bona fide holder can claim payment from all parties liable on the instrument when dishonored by the acceptor. (   )
选项：
A:正确
B:错误
答案: 【正确】