The lifeblood of a successful futures market is ______.
A. big institutions responsible for their own risks
B. fairly sizeable firms
C. independent firms of a few individuals trading for their own account
D. none of the above
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Standby letters of credit are relatives of documentary letters of credit because ______.
A. they are very similar to ordinary letters of credit in operation
B. the issuing banks undertake to pay
C. they are normally accompanied by evidences of transactions such as non-negotiable copies of B/L or other documents
D. they call for all kinds of normal documents
What gives rise to the bankers' acceptances？
A. The money markets.
B. The banks.
C. The international trade.
D. The buying and selling of goods.
Banks are usually prepared to make long-term loans to investors.
A. Right
B. Wrong
C. Doesn't say
A clean credit is one which ______.
A. calls for no presentation of it
B. is used instead of first demand guarantee
C. is used without presentation of any documents
D. is the same as an unconditional first demand guarantee
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