Questions from 31 to 35 are based on the following passage:
The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.”
Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A).
Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment.
Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents.
Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.
A:Seller’s country B:Buyer’s country C:Either A or B D:None of the above
Section Ⅰ Use of English Directions: Read the following text. Choose the best word (s) for each numbered blank and mark A, B, C or D on ANSWER SHEET 1. (10 Points) A scientist who does research in economic psychology and who wants to predict the way in which consumers will spend their money must study consumer behavior. He must obtain (1) both on resources of consumers and on the motives that (2) to encourage or discourage money spending. If an (3) were asked which of three groups borrow most -- people with rising incomes, (4) incomes, or declining incomes -- he would (5) answer: those with declining incomes. Actually, in the years 1997 -2000, the answer was: people with rising incomes. People with declining incomes were next and people with stable incomes borrowed the (6) . This shows us that tradition- al (7) about earning and spending are not always (8) Another traditional assumption is that if people who have money expect prices to go up, they will (9) to buy. If they expect prices to go down, they will postpone buying. (10) research surveys have shown that this is not always (11) The expectations of price increases may not stimulate buying. One (12) attitude was ex- pressed by the wife of a mechanic in an interview at a time of rising prices. Her family had been planning to buy a new car but they postponed this purchase. (13) , the rise in prices that has al- ready taken place may be resented and buyer’s resistance may be evoked. The (14) mentioned above was carried out in America. Investigations (15) at the same time in Great Britain, however, yielded results that were more (16) traditional assumptions about saving and spending patterns. The condition most contributive to spending (17) to be price stability. If prices have been stable and people consider that they are (18) , they are likely to buy. Thus, it appears that the common (19) policy of maintaining stable prices is based on a correct understanding of (20) psychology.
Read the following text. Choose the best word (s) for each numbered blank and mark A, B, C or D on ANSWER SHEET 1.6()A:consumer B:client C:customer D:buyer
Questions 25 to 29 are based on the following passage.
Prices determine how resources are to be used. They are also the means by which products and services that are in limited supply are rationed among buyers. The price system of the United States is a very complex network composed of the prices of all the products bought and sold in the economy as well as those of a myriad of services, including labor, professional, transportation, and public-utility services. The interrelationships of all these prices make up the "system" of prices. The price of any particular product or service is linked to a broad, complicated system of prices in which everything seems to depend more or less upon everything else.
If one were to ask a group of randomly selected individuals to define "price", many would reply that price is an amount of money paid by the buyer to the seller of a product or service or, in other words, that price is the money value of a product or service as agreed upon in a market transaction. The definition is, of course, valid as far as it goes. For a complete understanding of a price in any particular transaction , much more than the amount of money involved must be known. 80th the buyer and the seller should be familiar with not only the money amount, but with the amount and quality of the product or service to be exchanged , the time and place at which the exchange will take place and payment will be made, the form of money to be used, the credit terms and discounts that apply to the transaction, guarantees on the product or service, delivery terms, return privileges, and other factors. In other words, both buyer and seller should be fully aware of all the factors that comprise total "package" banged for the asked-for amount of money in order that they may evaluate a given price.
A:return privileges B:all the factors . C:buyer and seller D:money.
The phrase “a buyer will get something for nothing” ( Line 1, Para 2 ) probably means _________.
A:a buyer will get something free of charge B:a buyer will get something useless C:a buyer will get something useful D:nothing is worth buying
A:a buyer will not get what he pays for B:a buyer will get more than what he pays for C:a buyer will get something useful free of charge D:a buyer will get more but pay less
Under the FCA Term,if the buyer nominates a person other than a carrier to receive the goods,the( )is deemed to have fulfilled his obligation to deliver the goods when they are delivered to that person.
A:buyer B:consignee C:seller D:banker
“Cost,Insurance and Freight”means that the seller delivers when the goods pass (1) in the port of shipment.The seller must pay the costs and (2) necessary to bring the goods to the named port of destination.But the risks of loss of or damage to the goods,as well as any additional costs due to events occurring after the time of delivery,are transferred from the seller to the buyer.However,in CIFthe (3) also has to procure insurance against the buyer’s risk of loss of or damage to the goods during the carriage.Consequently,the seller contracts for insurance and pays the (5) .The CIF term requires the seller to (5) the goods for export.
A:buyer B:seller C:freight forwarder D:carrier
汉译英:“卖方;付款人”,正确的翻译为()。
A:seller;payee B:seller;payer C:buyer;payee D:buyer;payer
Questions from 31 to 35 are based on the following passage: The exporter, as drawer of a draft (bill of exchange), hands the draft to his bank, the remitting bank, who in turn forwards it to the buyer through a collecting bank in the buyer’s country. A draft (also called a bill) is a written order to a bank or a customer to pay someone on demand or at a fixed time in the future a certain sum of money. If shipping documents accompany the draft, the collection is called “documentary collection.” Documentary collection falls into two major categories: one is documents against payment(D/P); the other, documents against acceptance (D/A). Documents against payment, as the term suggests, is that the collecting bank will only give the shipping documents representing the title to the goods on the condition that the buyer makes payment. Where the paying arrangement is D/A, the collecting bank will only give the buyer the shipping documents after buyer’s acceptance of the bill drawn on him, i.e. the buyer signs his name on the bill promising to pay the sum when it matures. In return he gets what he needs – the shipping documents. Under D/A, the seller gives up the title to the goods – shipping documents before he gets payment of the goods. Therefore, an exporter must think twice before he accepts such paying arrangement.In a transaction, if payment is made by collection, then the remitting bank is always located in( ).
A:Seller’s country B:Buyer’s country C:Either A or B D:None of the above
With a clear SOW a contractor completes work as specified, but the buyer is not pleased with the result. The contract is considered to be ().
A:
incomplete because the buyer is not pleased