bank draft
A.Draft
B.Sight Draft
C.Letter of Credit
D.Bill of Exchange
A.He can send the draft to the correspondent bank for immediate payment.
B.He can present it to the bank against which it is drawn for payment.
C.He can ask the buyer to pay the money.
D.He can discount the draft at his bank and get money immediately.
A.telegraph transfer
B.mail transfer
C.demand draft
D.bank transfer
A.due
B.be due
C.mature
D.expire
A bank advance can take two forms, loans or ___.
A.draft
B.feneration
C.lease
D.over draft
A.Reimbursing bank
B.Paying bank
C.Confirming bank
D.Negotiating bank
Negotiation means that the Negotiating Bank gives value for draft(s) and/or documents to the Beneficiary. Once the value has been given, the Negotiating Bank would become:
(1)( ) the creditor of the draft (s)
(2)( ) the holder of the draft (s)
(3)( ) the holder in due course of the draft (s)
听力原文:M: If a customer lost his draft, will the bank still pay the draft to him?
W: The drawee bank may investigate the title of the person who holds it. If he has a good title, the draft will be paid.
Q: What will the drawee bank do after being informed of loss of a draft?
(18)
A.The drawee bank will refuse to pay the draft.
B.The drawee bank will issue another draft to the customer.
C.The drawee bank will investigate into the case first.
D.The drawee bank will pay the draft immediately.
What will the buyer do if his bank buys the draft for him?
A.He will open a letter of credit.
B.He will repay the bank a short-term loan.
C.He will buy back the draft.
D.He will return the money to the seller.
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