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Bankers’ acceptances often arise in foreign trade. A business buying goods from abroad where it is not well known and does not h
Bankers’ acceptances often arise in foreign trade. A business buying goods from abroad where it is not well known and does not h
admin
2013-12-25
60
问题
Bankers’ acceptances often arise in foreign trade. A business buying goods from abroad where it is not well known and does not have other credit arrangements will first obtain a letter of credit from its own bank. The letter will authorize the foreign seller to draw a draft on the company’ s bank. It can be made payable on sight, that is, upon presentation, payable upon arrival of merchandise, or payable in a fixed number of days. A draft can be made payable in, say, 30 days after it is presented to the bank against which it is drawn. This draft can be discounted at the seller’ s bank so that the seller receives immediate payment. If this is done, the draft can be sent through correspondent banks back to the domestic bank against which it is drawn. The domestic bank can buy the draft, a short-term loan agreement to be paid by the company buying the goods abroad. This action would tie up bank funds. Alternatively, the bank can stamp the draft "accepted" with the appropriate signature, thereby indicating that the bank guarantees the draft, and then sell it in the secondary market.
What will a foreign seller do when he gets the letter of credit from the buyer?
选项
A、He will draw a bill of exchange on the buyer’ s bank.
B、He will sell it and get money at once.
C、He will make payable on demand.
D、He will authorize the company to make the payment.
答案
A
解析
文中第二句The letter will authorize the foreign seller to draw a draft on the company’sbank,意思是信用证可以使卖方能从为买方提供服务的银行获得汇票。
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本试题收录于:
FECT综合(现代金融业务)题库金融英语(FECT)分类
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FECT综合(现代金融业务)
金融英语(FECT)
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