Other questions in this quiz

2. Issuing bank or confirming bank accept a bill of exchange to pay in future

  • payment at sight
  • negotiation
  • acceptance
  • deffered payement

3. Facility whereby a bank assures the exporter that payment will be made by the bank directly

  • open account
  • documentary credit
  • documentary collections
  • advance payment

4. an undertaking by a bank to make payment, provided the terms and conditions are met

  • LC
  • URC522
  • Pour aval

5. Forwards options and swaps are all derivatives

  • true
  • false

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