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.

Under D/P , the importer can obtain the goods only by().

A:showing the bill of lading B:signing on the bill of exchange C:paying in cash D:paying or accepting the bill of exchange

CHINA
CHINA
Free Dish

Choose any one dish from the menu on the back.
(restricted to $8 or less food items) With any order over $40(before taxes).
Not valid in conjunction with any other offers.
Free Chicken Wings
With any order over $18(before tax). One per order only.
Not valid in conjunction with any other offers.
Pick Up
Special
20% OFF

Not valid in conjunction with any other offers.
Cash payment only. Daily Combo&Complete Dinners excluded.
2145 Jane Rd.
(206) 755-1235

How can one receive a meal for free ?()

A:By paying for the meal in cash B:By ordering over a certain amount C:By picking up the food D:By coming to the restaurant at a certain hour

Questions from 36 to 40 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.

Under D/P , the importer can obtain the goods only by().

A:showing the bill of lading B:signing on the bill of exchange C:paying in cash D:paying or accepting the bill of exchange

Questions from 36 to 40 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.

Under D/A , the importer can get what he needs – the shipping documents only by().

A:showing the bill of lading B:paying in cash C:making acceptance of the bill of exchange D:paying the bill of exchange

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.Under D/P , the importer can obtain the goods only by( ).

A:showing the bill of lading B:signing on the bill of exchange C:paying in cash D:paying or accepting the bill of exchange

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.Under D/A , the importer can get what he needs – the shipping documents only by( ).

A:showing the bill of lading B:paying in cash C:making acceptance of the bill of exchange D:paying the bill of exchange

CHINA
CHINA
Free Dish

Choose any one dish from the menu on the back.
(restricted to $8 or less food items) With any order over $40(before taxes).
Not valid in conjunction with any other offers.
Free Chicken Wings
With any order over $18(before tax). One per order only.
Not valid in conjunction with any other offers.
Pick Up
Special
20% OFF

Not valid in conjunction with any other offers.
Cash payment only. Daily Combo&Complete Dinners excluded.
2145 Jane Rd.
(206) 755-1235

How can one receive a meal for free ?()

A:By paying for the meal in cash B:By ordering over a certain amount C:By picking up the food D:By coming to the restaurant at a certain hour

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