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In foreign collection basis the importer and exporter trade upon their reputation.
A．Right
B．Wrong
C．Doesn't say
参考答案
更多 “ In foreign collection basis the importer and exporter trade upon their reputation.A．RightB．WrongC．Doesn't say ” 相关考题
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These are four main methods of securing payment in international trade: (1) payment under documentary credit (2) open account (3) collection, that is document against payment or acceptance of a bill of exchange (4) payment in advance From an exporter's point of view, the order of preference is ______.A．(4), (2), (3), (1)B．(4), (1), (3), (2)C．(4), (3), (1), (2)D．(2), (4), (1), (3)
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The commercial banks mentioned in the passage can not have any other trade with companies except the credit action.A．RightB．WrongC．Doesn't say
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_______________ is when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter's domestic market.
A、trade barrierB、dumpingC、tariffD、open border
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If employees of a bank gamble in foreign exchange dealings with the bank's money, the bank will suffer heavy losses of foreign currencies.A．RightB．WrongC．Doesn't say
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听力原文：If a remitting bank fails to take proper care in the outward collection, the exporter will soon transfer his account to one which does.(7)A．If a remitting bank cannot take proper care in collection, the exporter will do it himself.B．If a remitting bank cannot fulfill its obligation in collection, the exporter will claim indemnify for it.C．If a remitting bank cannot take proper care in collection, it will lose a customer.D．If a remitting bank cannot fulfill its obligation in collection, it will cause loss to the exporter.
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The remitting bank in the procedure of a collection may not be the collecting bank.A．RightB．WrongC．Doesn't say
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As for a collection, the presenting bank makes presentation to the drawer for acceptance/payment.A．RightB．WrongC．Doesn't say
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The collecting bank only acts upon the instructions given in the collection order of the presenting bank.A．RightB．WrongC．Doesn't say
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Which of the following payment terms eliminates the exchange risk, assuming the exporter invoices in foreign currency? ______.A．Confirmed irrevocable documentary creditB．Open accountC．Documentary collection D/AD．None of the above
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In open-account basis the importer and exporter have established a successful working relationship.A．RightB．WrongC．Doesn't say
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The exporter has gotten the funds before he ships the goods in foreign collection.A．RightB．WrongC．Doesn't say
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The foreign client is both the exporter of materials ()parts and the importer of finished products.A、andB、orC、ifD、whether
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Foreign exchange is convertible currency but foreign to the holder.A．RightB．WrongC．Doesn't say
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The reason that foreign exchange markets exist is because people have a strong desire to get foreign currencies to travel round the world, to buy goods produced in other countries.A．RightB．WrongC．Doesn't say
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The New York foreign exchange market is a market for exchanging foreign currencies against any convertible currencies.A．RightB．WrongC．Doesn't say
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According to the passage, which of the following statements is correct?A．A "revocable credit" may be cancelled at any time.B．The credits are usually in favor of the exporter.C．An "irrevocable credit" may not be amended.D．The credits are usually in favor of the importer.
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Under the bond terms in international business, if the exporter fails to fulfill its obligations, the compensation should be paid by ______.A．the importer's bankB．the exporter's bankC．the collecting bankD．the negotiating bank
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汉译英：“外贸、合同、发票”
A business;invoiCe;ContraCt
B foreign;trade Contract;invoiCe
C business;LC;ContraCt
D foreign trade;invoiCe;ContraCt
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汉译英：“收货人；发货人；出口商”，正确的翻译为：（ ）。
A. consignor ； consignee ； exporter B. consignee ； consignor ； exporter
C. consignee ； consignor ； importer D. consignor ； consignee ； importer
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汉译英：“外贸、合同、发票”（ ）。
A. business; invoice ； contract B. foreign ； trade contract ； invoice
C. business; L/C ; contract D. foreign trade; invoice; contract
考题
资料：Actually, any sale is a gift until you get paid. But exporters are especially concerned, since their buyers might be 10,000 miles away！
So, understanding the four basic ways to get paid for an international order is important. The method you select will affect the risk you bear, the size of orders you might be able to get, and the financing you might require to fill the order.
The following are the methods of payment for the exporter, from the most to the least secure:
Cash-in-advance. New exporters frequently request this method. Their attitude typically is, "I don't know you very well but, if you send me the money, I'll send you the goods."
●Advantage: The exporter gets paid before the shipment leaves the U.S. If cash is received prior to production, the exporter will not need additional working capital.
●Drawback: It limits the exporter's sales potential since it ties up the importer's cash; can be a very non-competitive payment method if other suppliers are offering similar products or services.
Letter-of-credit. Letters of credit （L/C） substitute the creditworthiness of the importer and exporter with that of their respective banks.
●Advantage: The exporter will be paid if the terms and conditions of the L/C are met.
●Drawback: There are fees associated with opening and amending L/Cs; the importer's cash is tied-up since cash or other assets need to collateralize the L/C, which in turn might reduce the order size. The exporter still might need additional working capital to produce the product or service, since L/Cs will not pay prior to shipment/performance.
Documentary collections. This method uses the banking system for the exporter to send the necessary documents associated with the order to the importer.
●Advantage: The documents and goods are not released until importer pays or agrees to pay at some future date. If the buyer refuses to accept the documents and goods, the exporter retains title to the goods and can sell them to a third party or bring them back to the U.S.
●Drawback: No guaranty of payment, since the banks only act as intermediaries. The exporter will need to finance the production cycle, the shipment time, plus a longer period if the importer agrees to pay at a later date, until final payment is received
Open account: Open account terms for international sales are similar to domestic open account sales. The buyer agrees to pay in a set number of days-typically 30, 60, or 90-from the invoice, shipment or delivery date.
●Advantage: More competitive terms which can help secure larger orders
●Drawback: The goods are gone and the buyer might not pay. This risk can be greatly reduced by obtaining credit insurance from the Export-Import Bank of the U.S. on the foreign accounts receivable.
Knowing the advantages and drawbacks to each method of payment can help to better prepare you for negotiating payment terms with your potential overseas customers. More detail and support on these and other trade financing issues can be obtained by contacting one of SBA's trade finance specialists in 20 U.S. Export Assistance Centers around the country.
What magazine column might the article be in?
A.Business
B.Economy
C.Social
D.Culture
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单选题Many foreign visitors come to stay in Jessica’s hotel in the Florida Keys.A
Right.B
Wrong.C
Doesn’t say.
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问答题Practice 10 The U. S. Dollar is the currency most often used in international trade. If the currency of export sales is different from the currency of the exporting country, for example a Japanese exporter sells in U.S. Dollars, the exporter may encounter exchange risks-risks from fluctuations in exchange rates, for example between the U. S. Dollar and the Japanese Yen. In case of the Yen appreciation at the time of converting the U.S. Dollar to the Yen, the exporter will get less Yen per U.S. Dollar. Conversely, in case of the Yen devaluation the exporter will get more Yen per U.S. Dollar. Hence, in time of currency appreciation in the exporting country, it is important that the exporter ships the goods earlier, unless an earliest date for shipment is stipulated in the L/C or has been agreed upon between exporter and importer, and present the negotiating documents to the bank immediately. The exporter may contract with the bank to sell the U.S. Dollar forward in a so-called forward exchange, at a predetermined rate on an agreed future date, thus he/she will not be affected by the currency appreciation and will receive a fixed amount in his/her own currency at a future date.
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单选题It can be inferred from the passage that the minimal basis for a complaint to the international Trade Commission is which of the following?A
A foreign competitor has received a subsidy from a foreign government.B
A foreign competitor has substantially increased the volume of products shipped to the United States.C
A foreign competitor selling products in the United States at less than fair market value.D
The company requesting import relief has been injured by the sale of imports in the United States.
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