If a credit calls for an insurance certificate, banks will accept ____.
A. an insurance policy
B. an insurance certificate
C. A or B
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A( )must be accepted by the drawee before payment.
A. sight bill
B. bill payable at XX days after sight
C. promissory note
D. bill payable on demand
The remitting bank in collection checks the documents received ____.
A. as a service to its clients
B. to avoid unnecessary risk
C. before sending them out
D. all of the above
Large payments should be made by ____
A. T/T
B. SWIFT
C. M/T
D. A or B
A holder is a ______ to the bill.
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