ENGLISH FOR BANKING & FINANCE

How many remittance instruments are there?

• 1

• 2

• 3

• 4

MAIL TRANSFER issued by the bank is a method that allows the bank to transfer money between branches through...

• The post office

• Online bill payment service

• Cable messages

• Not traffic

The term "T/T" is mainly used in

• America

• UK

• France

• Germany

Wire transfer refers to the use of electronic means to transfer money, usually with...

(a)  

When transferring money by mail transfers, if there is a delay in crediting the recipient's account... interest will be paid

• Client

• Remitters

• Bank

• Drawer

What is the abbreviation for electronic funds transfer?

• FETS

• ETSF

• EFT

• EFTS

What is basic EFTS?

• Document of receipt of money

• An electronic personal check

• Money transfer document

• Money transfer messages

What is the least used money transfer tool today?

• Mail transfers

• Telegraphic transfer

• EFTS

• No

Who is the cash advance payment method beneficial for?

• The bank

• Importers

• Exporters

• Customer

The cash advance method is often used in ....

• Export transactions

• High-risk trade relations

• Commercial relationships and sales transactions

• High-risk trade relations and export transactions