International Finance | S01.PQ1 | FTU
Q1. The type of promissory note that does not require a signature is:
a. Promissory note with a specific payee
b. Promissory note to order
c. Promissory note for presentation
Q2. The term “discount” means:
a. Immediate payment
b. Checking documents and sending them to NHPH/LC for payment
c. Checking documents and paying before the maturity date
Q3. Which type of L/C is considered a means of financing for the exporter?
a. Irrevocable credit
b. Red clause credit
c. Revolving credit
d. Irrevocable Transferable credit
Q4. Discount without recourse in documentary credit essentially means the purchase
of the merchandise document set:
a. True
b. False
Q5. The day of delivery is understood as:
a. The "clean on board" date on the B/L
b. The B/L release date
c. Depending on the type of B/L used
Q6. The remitting bank (NH) must check the content of the documents listed in the
collection instruction received from the remitter whether:
a. Correct
b. Incorrect
Q7. The ultimate decision-maker regarding the conformity of documents with the
L/C's terms and conditions is:
a. Issuing bank
b. Applicant
c. Negotiating bank
d. Reimbursement bank
Q8. Transferable credit can only be implemented when the L/C allows for partial
shipments.
a. True
Q1. The type of promissory note that does not require a signature is:
a. Promissory note with a specific payee
b. Promissory note to order
c. Promissory note for presentation
Q2. The term “discount” means:
a. Immediate payment
b. Checking documents and sending them to NHPH/LC for payment
c. Checking documents and paying before the maturity date
Q3. Which type of L/C is considered a means of financing for the exporter?
a. Irrevocable credit
b. Red clause credit
c. Revolving credit
d. Irrevocable Transferable credit
Q4. Discount without recourse in documentary credit essentially means the purchase
of the merchandise document set:
a. True
b. False
Q5. The day of delivery is understood as:
a. The "clean on board" date on the B/L
b. The B/L release date
c. Depending on the type of B/L used
Q6. The remitting bank (NH) must check the content of the documents listed in the
collection instruction received from the remitter whether:
a. Correct
b. Incorrect
Q7. The ultimate decision-maker regarding the conformity of documents with the
L/C's terms and conditions is:
a. Issuing bank
b. Applicant
c. Negotiating bank
d. Reimbursement bank
Q8. Transferable credit can only be implemented when the L/C allows for partial
shipments.
a. True
