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IIP301_Documentary Collection

Authored by Cao HN)

Social Studies

University

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IIP301_Documentary Collection
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The advantages of importers in D / P and D / A are the same.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the ICC URC 522, the following documents are commercial documents?

Drafts

Acceptances

Promissory Notes

Invoice

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the ICC URC 522 following documents are financial documents:

bill of exchange

invoice

bill of lading

contract

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who sets up D / P collection terms?

Importer

Exporter

Remitting Bank

Collecting Bank

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ is the key document prepared by the seller specifying the terms and conditions of the documentary collection.

The bill of lading

The delivery order

The collection order

The economic order

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In documentary collections, the party that signs or accepts the drafts is:

Remitting bank

Collecting bank

Drawee

Principal

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In documentary collections, the remitting bank _____ the documents listed on the collection received from their customer.

Choose one answer

holds

reviews

transfers

checks

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