(31) According to INCOTERMS 2000, when the seller only makes the goods available to the buyer at the seller’s premises, the corresponding trade term is ________.
　　A. DDP
　　B. EXW
　　C. FOB
　　D. DDU
　　(32) What is the percentage of tolerance in the drawing amount when the L/C prohibits partial shipments?
　　A. 10% or less
　　B. None
　　C. 3% or less
　　D. 5% or less
　　(33) According to International Standard Banking Practice (ISBP), which of the following statements regarding the expression of “shipping documents” is correct?
　　A. invoice, transport documents, and insurance policy or certificate
　　B. transport documents
　　C. all documents, not only transport documents, except drafts, required by the L/C
　　D. all the documents mentioned in the Credit
　　(34) A quota is a numerical limit placed on a specific kind of good that a country will permit to be imported without restriction during a specified perio
　　D. If the quota is absolute, once the specified amount has been imported:
　　A) absolute tariffs are imposed on further importation of the product.
　　B) no additional tariffs are imposed on further importation of the product.
　　C) no additional tariffs are imposed on further importation of the product.
　　D) further importation of the product is prohibited for the rest of the perio
　　(35) Tariffs:
　　A. Decrease the domestic price of a product
　　B. Increase government earnings from tax
　　C. Increase the quantity of imports
　　D. Decrease domestic production
　　(36) Which financial instrument provides a buyer the right to purchase or sell a fixed amount of currency at a prearranged price, within a few days to a couple of years:
　　A. letter of credit
　　B. foreign currency option
　　C. cable transfer
　　D. bill of exchange
　　(37) The reduction or covering of foreign exchange risk is called
　　A. hedging
　　B. speculation
　　C. intervention
　　D. arbitrage
　　(38) If a country allows trade and the domestic price of a good is higher than the world price,
　　A. the country will become an exporter of the good.
　　B. the country will become an importer of the good.
　　C. the country will neither export nor import the good.
　　D. additional information about demand is needed to determine whether the country will export or import the good.
　　(39) Countries usually impose restrictions on free foreign trade to protect
　　A. foreign producers.
　　B. foreign consumers.
　　C. domestic producers.
　　D. domestic consumers.
　　(40) Foreign trade can be conducted on the following terms except for ________.
　　A. open account
　　B. documentary collection
　　C. documentary credits
　　D. public bonds

上一页345678下一页