What will a foreign seller do when he gets the letter of credit from the buyer？
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.
查看答案
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.
The best title for the passage can he ______.
A. What Are Futures Used for
B. Who Are the Arbitrageurs, Speculators and Hedgers
C. How to Hedge Risks
D. How to Trade in Futures Market
You should deposit a certain amount of money with a bank before you buy a house.
A. Right
B. Wrong
C. Doesn't say
Which of the following statements is true？
A. The volume of deals for hedging purposes is much higher than that for arbitraging and speculative purposes.
B. The foreign exchange business for commerce and tourism must be done before 11a.m.on 2 January.
C. It is hedgers' money that drives much larger volume of other transactions.
D. None of the above.
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