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单选题 Which of the following is NOT a function of a letter of credit? ( )
学科：默认课程
时间：2025-11-18 12:56:03
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题目1单选题
What type of draft requires payment on presentationA. Sight DraftB. Deferred DraftC. Time DraftD. Usance Draft
题目2单选题
Which of the following is NOT a function of a letter of credit? ( )A. Goods transportationB. Payment guaranteeC. Credit enhancementD. Risk mitigation
题目3单选题
What does "negotiation" mean in L/C terms? ( )A. Purchasing drafts from beneficiaryB. Notifying L/C to beneficiaryC. Shipping goodsD. Examining documents
题目4单选题
Which bank is responsible for issuing letter of creditA. Negotiating BankB. Issuing BankC. Advising BankD. Confirming Bank
题目5单选题
Which document is used to demand payment from the importer's bankA. InvoiceB. DraftC. Packing ListD. Certificate of Origin
题目6单选题
What does "L/C" stand for in international trade? ( )A. Letter of ConfirmationB. Letter of CollectionC. Letter of ComplianceD. Letter of Credit
题目7单选题
In a documentary collection, the bank acts as ______A. Payment guarantorB. GuarantorC. Issuer of creditD. Trustee
题目8单选题
Who is the beneficiary of letter of credit usuallyA. ImporterB. Shipping CompanyC. ExporterD. Issuing Bank
题目9单选题
Which of the following is primary bank document used for payment guaranteeA. Bill of LadingB. Letter of CreditC. Packing ListD. Commercial Invoice
题目10单选题
A confirmed L/C means the ______ adds its payment guaranteeA. Issuing BankB. Negotiating BankC. Confirming BankD. Advising Bank
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