Passage 3 A bond is issued by a guarantor, usually a bank or an insurance company, on behalf of exporter. It is a guarantee to the buyer that the exporter will fulfill his contractual obligations. If these obligations are not fulfilled, the guarantor undertakes to pay a sum of money to the buyer in compensation. This sum of money can be anything from 1% to 100% of the contract value. If the bond is issued by a bank, then the exporter is asked to sign a counter indemnity which authorizes the bank to debit his account with any money paid out under the bond. Bonds are usually serried in connection with overseas contracts, or with the supply of capital goods and services. When there is a buyer’s market, the provision of a bond can be made an essential condition for the granting of the contract. Middle Eastern countries commonly require bonds, but nowadays many other countries also require them. Most international aid agencies, such as the World Bank or the European Development Fund, and most government purchasing organizations in the developing world, now require bonds from sellers. Under the bond terms in international business, after the bank has paid the necessary compensation, it will make an entry to his customer’s account on the ______ side.
A. debit
B. credit
C. assets
D. liabilities
案例分析题 所给出的图、表或一段文字均有5个问题要你回答。你应根据资料提供的信息进行分析比较、计算和判断处理。 请开始答题:一、根据下面的统计表回答以下各题: 城乡居民收入差距(单位:元/人)年份城乡居民人均可支配收入扣除物价因素的城镇居民人均可支配收入农村居民人均可支配收入扣除物价因素的农村居民人均可支配收入差距指数(以农村为1)1981620.19576.92191.33186.663.091986967.20864.34397.60383.052.2619901704.681465.76601.51536.222.7319943070.902645.05921.40809.083.27 1994年城镇和农村居民平均人均可支配收入为( )
A. 1996.15
B. 921.40
C. 3070.90
D. 1727.06
Directions: There are 10 blanks in the following passages. For each blank, there are four choices marked A, B, C and D. You are supposed to choose the best answer and mark the corresponding letter on the ANSWER SHEET by drawing a single line through the center.Passage One In order to (56) foreign exchange administration, maintain strong balance of payments position, China (57) the Regulations on Foreign Exchange Administration on January 29,1996. The State Administration of Foreign Exchange is the agency responsible for foreign exchange administration. The SAFE has a similar branch structure with that of the People’s Bank of China, China’s central bank. The Bank of China (58) the principal foreign exchange bank. Other banks and financial institutions, (59) affiliates of non-resident banks, (60) designed transactions with the approval of the SAFE.
A. may handle
B. can deal
C. must conduct
D. are ordered to
Section One Directions: There are three passages in this section. Each passage is followed by some questions or unfinished statements. For each of them, there are four choices marked A, B, C and D. You should make the best choice and mark the corresponding letter on the ANSWER SHEET by drawing a single line through the center.Passage 1 The credit created for international settlement among banks not only provides a sense of security for the traders involved, but also a reliable source of finance for foreign trade where required. The credit created, in general, favors the exporter. In order to reduce the possible risk, the exporter usually insists on the buyer establishing a credit in his favor before shipment is unloaded. There are generally several types of credits. A "confirmed credit" guarantees payment to the beneficiary, provided that the credit terms and conditions are met and the standing of the advising bank in the beneficiary’s country is sound. A "revocable credit" may be cancelled at any time up to the moment the advising bank pays. This type of credit is the least favorable to the exporter. There is a risk that the goods may be shipped, and the credit revoked before documents are presented to the advising bank. An "irrevocable credit" may not be cancelled or even amended without the consent of all the parties involved. This type of credit guarantees that no single party will revoke the contract already signed. With the credit arrangement, the issuing bank agrees to pay the advising bank, and the advising bank pays the exporter according to the terms of the documents which appear to fulfill the conditions of the credit. Banks, however, are not bound by, and therefore, not concerned with the underlying sales contract on which the credit requirements are based. As long as the documents are in good order and there are no apparent problems with the process, the buyer is still responsible for payment to the issuing bank although the goods received may be of inferior quality to those ordered. Who is not responsible for payment of L/C
A. advising bank
B. confirming bank
C. buyer
D. issuing bank