Chapter One
1. Fill in the blanks to complete each sentence.
(1) local legal system, political, exchange risks
(2) open account, advance payment, remittance and collection
(3) letter of credit, bank guarantee
(4) price terms, delivery terms
(5) least/minimum, most/maximum
(6) advance payment
(7) open account
(8) clean collection, documentary collection
2. 略
3. Translate the following terms into English.
(1) settlement on bank credit
(2) the potential for currency fluctuation
(3) to clear the goods for export
(4) to pay the insurance premium
(5) to carry out export formalities
(6) the major participants in international trade
(7) the commodity inspection clause
(8) to fulfill the obligation to deliver the goods
(9)t he goods have passed over the ship’s rail
(10)I nternational contract is concluded in a completely different context than
domestic ones
4．Decide whether the following statements are true or false.
(1) F (2) F (3) T (4) T (5) T
(6) T (7) F (8) T (9) T (10) F
5. Choose the best answer to each of the following statements
(1)-(5) BCCBD (6)-(10) DACCC
(11)-(15) BDDCD (16)-(20) DCACD
Chapter Two
1. Fill in the blanks to complete each sentence.
(1) barter
(2) medium of exchange
(3) expensive, risky
(4) our
(5) V ostro
(6) vostro
(7) nostro
(8) specimen of authorized signatures, telegraphic test keys, terms and conditions, Swift authentic keys
2. Define the following terms
(1) Correspondent relationship 〖A bank having direct connection or friendly service relations
with another bank.〗
(2) International settlements〖International settlements are financial activities conducted among different countries in which payments are effected or funds are transferred from one country to another in order to settle accounts, debts, claims, etc. emerged in the course of political, economic or cultural contracts among them. 〗
(3) Visible trade〖The exchange of goods and commodities between the buyer and the seller across borders.〗
(4) Financial transaction〖International financial transaction covers foreign exchange market transactions, government supported export credits, syndicated loans, international bond issues, etc.〗
(5). V ostro account〖Vostro account is an account held by a bank on behalf of a correspondent bank.〗
3. Translate the following terms into English.
(1) commercial credit
(2) control documents
(3) account relationship
(4) cash settlement
(5) financial intermediary
(6) credit advice
(7) agency arrangement
(8) credit balance
(9)reimbursement method
(10) test key/code
4．Decide whether the following statements are true or false.
(1) T (2) F (3) F (4) T (5) F
5. Choose the best answer to each of the following statements
(1)-(5) BCDAD (6)-(10) BBDAB
Chapter Three
1. Define the following Terms:
(1) Negotiable instrument〖“A negotiable instrument is a chose in action, the full and legal title to which is transferable by delivery of the instrument (p ossibly with the transferor’s endorsement) with the result that complete ownership of the instrument and all the property it represents passes free from equities to the transferee, providing the latter takes the instrument in good faith and for value.” 〗
(2) Bill of exchange〖A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand, or at a fixed or determinable future time, a sum certain in money, to or to the order of a specified person, or to bearer. 〗
(3) Check〖A check is an unconditional order in writing addressed by the customer to a bank signed by that customer authorizing the bank to pay on demand a specified sum of money to or to the order of a named person or to bearer. 〗
(4) Documentary bill〖It is a bill with shipping documents attached thereto. 〗
(5) Crossing〖A crossing is in effect an instruction to the paying bank from the drawer or holder to
