Import and Export Quiz

The documents handed over to the importer when cash has been paid are called:

• Cash Against Documents transaction (CAD)

• Documentary credit

• Letter of indemnity

• Trade acceptance

• Bill of lading

A document or stamp on a document issued by the consulate in the importing country is:

• Consular invoice

• Certificate of inspection

• Invoice discount

• Freight bill

• Audit note

A sum of money that has to be paid as a price, especially for services, is called:

• Charge

• Debt

• Receipt

• Commission note

• Penalty fee

Sold to a bank at a percentage less than its value is:

• A discounted draft

• Clean bill

• CAD

• Certificate of origin

• Fee

Documents completed on computer templates and transferred electronically are:

• Electronic Data Interexchange (EDI)

• Consular invoice

• Securities

• Deposit slips

• SWIFT

Any kind of money generally accepted as payment is called:

• Currency

• Capital

• Resource

• Security

• Asset

A debt receipt not paid on the due date is known as:

• A dishonored bill

• CAD

• Clean bill

• Certificate of inspection

• Fee

A letter of credit that can be cancelled is:

• Revocable letter of credit

• Irrevocable letter of credit

• Documentary credit

• Clean bill

• Promissory note

Paid on presentation is:

• A sight bill/sight draft

• A dishonored bill

• Clean bill

• Securities

• A charge

Not accompanied by shipping documents refers to:

• A clean bill

• A CAD

• Revocable LC

• Securities

• Audit note