If the beneficiary does not bank at the bank on whom the draft is drawn, the funds will be treated as ______.A．uncollectedB．unclearedC．unclaimedD．uncommitted

What will the buyer do if his bank buys the draft for him?

A．He will open a letter of credit.

B．He will repay the bank a short-term loan.

C．He will buy back the draft.

D．He will return the money to the seller.

听力原文：M: We haven't set up correspondent relations with Standard Chartered Bank, London.

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.

听力原文：A cheque is never accepted by the bank on which it is drawn. Hence, the rules relating to acceptance of bills do not apply to cheques.

(9)

A．A cheque can be accepted by the bank on which it is drawn.

B．A bill can not be accepted by the bank on which it is drawn.

C．The rules relating to acceptance of bills are not applicable to cheques.

D．The rules relating to acceptance of bills are applicable to cheques.

Why is the British bank able to offer its customer a banker's draft drawn in dollar?

A．Its US correspondent bank prefers to make the payment.

B．It will send dollar in cash by airmail.

C．It has a dollar account with another bank in an American city where the beneficiary lives.

D．Its customer has a dollar account with it.

听力原文：If a customer informs his bank that a draft which has been issued to him has been lost, the drawee bank should be noticed immediately.

(8)

A．The customer should first notify the drawee bank of the loss of his draft.

B．The customer should first notify the drawer bank of the loss of his draft.

C．The customer should first notify the remitting bank of the loss of his draft.

D．The customer should first notify the collecting bank of the loss of his draft.

What will happen if a draft is stamped "accepted" by a bank?

A．The bank will sell it as soon as possible to the buyer.

B．The draft will become money market funds.

C．Dealers will buy it in the domestic market.

D．The draft becomes a banker's acceptance and will be sold in the money market.

听力原文： Banker's acceptances are a very old form. of commercial credit. They provide, in essence, a method whereby a bank may add its good name and reputation to bills of a borrower, thereby making the bills much more marketable than it would otherwise be. Specifically, the mechanics of the operation typically, work like the following. Suppose that an American exporter sells wheat to a German importer. The terms of the sale are that the German importer will pay for the wheat ninety days after it is shipped. For a variety of reasons, however, the American firm may want its money now, and not want to wait the ninety days. If so, it may issue a draft on its bank ordering the bank to pay a stipulated sum of money to the holder of the draft ninety days from now. Along with the draft, the American exporter will send the appropriate documents showing that the wheat has actually been shipped. When the bank receives the draft, together, with the documentation, it stamps "accepted" across the face of it.

27. What are banker's acceptances?

28.Who is the drawee of the draft mentioned in the passage?

29.What should be attached to the draft when it is presented for acceptance?

30.How does the bank accept the draft?

(27)

A．They are drafts issued by a bank on another bank.

B．They are a very old form. of commercial credit.

C．They are exchange bills discounted by customers.

D．They are checks cashed through the ATMs.

How can the seller receive immediate payment if the draft is made payable on a future date?

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.

A credit may be advised to a beneficiary through another bank (the advising bank) without engagement on the part of the advising bank, but that bank, if it elects to advise the credit, shall ______.

A．inform. the issuing bank of the credit which it advises without delay

B．endorse the amount negotiated on the reverse of the credit which it advises

C．add his confirmation to the credit which it advises

D．take reasonable care to check the apparent authenticity of the credit which it advises

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.