A correspondent bank may supply the following services to other commercial banks:A.keeping
A.Right
B.Wrong
C.Doesn't say
A.Right
B.Wrong
C.Doesn't say
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.
If a term draft is not honoured at maturity, it will be protested by______.
A.a broker
B.a dealer
C.a correspondent bank
D.a notary public
What will the correspondent bank do in the settlement according to this passage?
A.It will make payment in dollars against the banker's draft.
B.It will send the draft to the bank in Britain.
C.It will issue a documentary credit.
D.It will have an agreement with the bank mentioned.
What is called correspondent banking?
A.The bank which provides additional banking services.
B.The provision of banking services to other banks.
C.The particular ancillary services provided to foreign countries.
D.The bank issuing credit cards.
A.Right
B.Wrong
C.Doesn't say
W: Then we shall try to find another bank to have our letter or credit advised.
Q: What do we learn from the conversation?
(18)
A.Standard Chartered Bank, London is one of our correspondent banks.
B.We can advise this L/C through Standard Chartered Bank, London.
C.We will send the advice of the L/C directly to the beneficiary.
D.Another bank will be chosen as the advising bank of this L/C.
A.an asset / an asset
B.an asset / a liability
C.a liability / an asset
D.a liability / a liability
A.Revocable or "inrevocable", "unconfirmed" or "confirmed"
B.Cancelled or "cancellate", "confirmative" or "confirmed"
C.Revocable or "inrevocable", "confirmative" or "confirmed"
D.Cancelled or "incancelled", "unconfirmed" or "confirmative"
A.send the draft to the correspondent bank for immediate payment
B.present it to the bank against which it is drawn for payment
C.ask the buyer to pay the money
D.discount the draft at his bank and get money immediately
A、A Collecting checks, drafts, and other credit instruments.
B、B Making credit investigation of firms that borrow in the open market.
C、C Providing banks with foreign exchange facilities, including commercial and traveler’s checks.
D、D Providing banks with funds/loans in case of need.
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