QUIZ TỔNG HỢP CÁC FILE

Tham khảo thêm tại:

https://www.studocu.com/vn/document/dai-hoc-ton-duc-thang/thanh-toan-quoc-te/tong-hop-
ttqt-qtrinh-jshfbbs/27723824
https://www.studocu.com/vn/document/dai-hoc-ton-duc-thang/thanh-toan-quoc-te/ttqt-
tuabckxfhs-sgdj/27723830
Question 1
Which following documents can be issued by the exporter himself?
a. Commercial invoice, Ocean Bill of lading, Insurance policy
b. Promissory note, Certificate of quantity, Commercial invoice
c. Bill of exchange, Packing list, Commercial invoice
d. Ocean Bill of lading, Insurance policy, Certificate of origin
Lý do: Ocean B/L do hãng tàu cấp, Insurance policy do công ty BH cấp, Promissory note do
người nhập khẩu cấp.

Question 2
Question text
“.............................. earn profit by buying and selling the same currencies at different time,
but ................................. earn profit by taking advantages from the difference in exchange
rate quotation between markets at the same time”.
Chose the following most correct order:
a. Arbitragers; speculators
b. Speculators; arbitragers
c. Hedgers; arbitragers
d. Hedgers; speculators

Question 3
Question text
Field 71A (Details of charges) of MT103 shows “OUR”. Which following party will pay the
beneficiary’s bank charges?
a. The beneficiary
b. Intermediary bank
c. The remitter
d. The remitting bank
(OUR: NNK chịu, BEN: NXK chịu, SHA: cả hai bên chia sẻ)

Question 4
Question text
Which is the characteristic of the method of clean collection?
a. The collecting bank has responsibility for payment if the exporter presents the complying
documents.
b. The receivement of the commercial documents is dependent on the payment of the
importer.
c. The banks handle on the basis of the commercial documents.
d. The banks handle on the basis of the finance documents.
(Nhờ thu trơn không cần chứng từ thương mại)

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Question 5
Question text
After receiving original L/C, the exporter asks bank to provide a loan of trade finance before
shipment. Which following documents are required by bank? (1) sales contract, (2) financial
document (bill of exchange), (3) commercial documents, (4) original L/C, (5) documents of
loan as per regulation of bank.
a. (1), (2), (3), (4) and (5)
b. (1), (2), (3) and (5)
c. (1), (4) and (5)
d. (1), (2) and (4)

Question 6
Question text
A bank quotes exchange rate: 118,75/53 USD/JPY. If you are the bank’s customer, you
will ....................................
a. sell JPY at 118,75 USD/JPY and buy JPY at 118,53 USD/JPY
b. sell USD at 118,75USD/JPY and buy USD at 119,53USD/JPY
c. sell JPY at 118,75 USD/JPY and buy JPY at 119,53 USD/JPY
d. sell USD at 119,53 USD/JPY and buy USD at 118,75 USD/JPY

Question 7
Question text
In international trade transaction, if the drawer of promissory note is ..............., the drawer of
bill of exchange is .............:
a. the importer / the exporter
b. the exporter / the importer
c. the exporter / the bank of the importer
d. the bank of the exporter / the importer
(Promissory note do người nhập ký phát vì đây là lệnh hứa trả tiền, còn bill of exchange do
người xuất ký phát vì đây là lệnh đòi tiền)

Question 8
Question text
Which following document is presented to the remitting bank by the exporter in the method
of clean collection?
a. Bill of lading
b. Commercial invoice
c. Insurance certificate
d. Bill of exchange
(Nhờ thu trơn chỉ sử dụng chứng từ tài chính ví dụ như bill of exchange, promissory note,
cheque và payment cards)

Question 9
Question text
Which payment method causes higher risks for banks in trade finance activities for exporters
(assume that do not consider other factors)?

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a. D/P at sight
b. L/C at sight
c. L/C 30 days after B/L date
d. D/A 30 days after B/L date

Question 10
Question text
When a bank and an enterprise engaging in a forward exchange contract, what is the benefit
of the enterprise?
a. The enterprise might select the best exchange rate of its currency traded in a period in
future.
b. The enterprise could get a better exchange rate of its currency traded in a period in
future.
c. The enterprise could get a better exchange rate of its currency traded on a settlement
date in future.
d. The enterprise gets exactly the exchange rate of its currency traded on a settlement date
in future.
(Khi ký hợp đồng forward, DN phải chắc chắn mua/bán chính xác tỷ giá đã quy định HĐ,
không được thay đổi)

Question 11
Assume that the other determinants are not changed. If real interest rate in Japan is lower
than in America, which following opinion is correct in terms of Japan?
a. Demand of USD is decreased, supply of USD is increased, exchange rate USD/JPY is
decreased
b. Demand of USD is decreased, supply of USD is decreased, exchange rate USD/JPY is
decreased
c. Demand of USD is increased, supply of USD is increased, exchange rate USD/JPY is
increased
d. Demand of USD is increased, supply of USD is decreased, exchange rate USD/JPY is
increased

Question 12 A L/C requires to present the documents, including: Commercial invoice,

Packing list, B/L, Insurance certificate.This L/C also requires “Third party documents are
acceptable”. Which following documents are the third party documents as per this L/C’s
requirement?
a. B/L, Insurance certificate
b. Commercial invoice, Packing list
c. Commercial invoice, B/L, Insurance certificate
d. Commercial invoice, Packing list, B/L
(T nghĩ là B/L do người chuyên chở cấp, Ins do cty BH nên 2 này là bên thứ 3)

Question 13 Who can NOT issue a Bill of lading?

a. Agent of the carrier
b. Captain
c. Shipper
d. Carrier
(Shipper chỉ gửi hàng, còn B/L do bên vận tải cấp)

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Question 14 According to UCP 600, complying presentation means a presentation that is in
accordance with:
a. sales contract and L/C
b. L/C, the applicable provisions of UCP and ISBP
c. sales contract, L/C and UCP
d. the applicable provisions of UCP and ISBP
(Issuing bank xuất trình LC cho advising bank, với điều kiện LC thỏa UCP và ISBP)

Question 15 Which following foreign exchange transaction is not tool to hedge against
foreign exchange risks?
a. Spot transaction
b. Currency option transaction
c. Currency future transaction
d. Forward transaction
(Spot là tỷ giá giao ngay, không liên quan đến hedge)

Question 16 A sales contract shows: “Total amount: USD 200,000. Payment term: 20%
contract value by T/T in advance and 80% contract value by irrevocable L/C at sight”. Which
following opinion is NOT correct?
a. The buyer has responsibility for undertaking to pay USD 160,000 to the seller.
b. The seller will receive USD 40,000 first and USD 160,000 later.
c. The buyer must pay USD 40,000 to the seller by T/T before shipment.
d. The seller will present the commercial documents to the bank after shipment.
(D sai, phải present cả bộ chứng từ, D sẽ đúng nếu đề hỏi nhờ thu kèm chứng từ)

Question 17 The issuing date of bill of exchange is the date to identify .......................:
a. the maturity date of bill of exchange if this bill of exchange shows “At 30 days after B/E
date”.
b. the due date of bill of exchange if this bill of exchange shows “At 30 days after sight”.
c. the shipment date.
d. the acceptance date of bill of exchange.
(Lúc làm bài tập điền B/E thì ngày phát hành dựa theo Invoice, đồng nghĩa với ngày giao
hàng)

Question 18 Which following bill of exchange is invalid?

a. Bill of exchange shows “pay to bearer”
b. Bill of exchange shows “pay to the order of XYZ Bank”
c. Bill of exchange shows “pay to holder”
d. Bill of exchange shows “pay to ABC Company if the seller delivers the goods in full”

Question 19 L/C is available with issuing bank and the beneficiary presents the comlying
documents. Which following opinion is correct?
a. The nominated bank is the only party who must honour to the beneficiary.
b. The advising bank is the only party who must honour to the beneficiary.
c. The issuing bank is the only party who must honour to the beneficiary.

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 d. The nominated bank and the issuing bank are the parties who must honour to the
beneficiary.
(File trên Studocu chọn C nma t thấy nếu theo quy trình thì B chứ hả)

Question 20 A bank quotes exchange rate: 0,8264 – 0,8276 AUD/USD. Which following
opinion is correct?
a. The bank buys AUD at the exchange rate of 0,8276 AUD/USD
b. The above exchange rate is quoted according to the method of indirect quotation in terms
of Australia.
c. The above exchange rate is quoted according to the method of indirect quotation in terms
of America.
d. The bank sells AUD at the exchange rate of 0,8264 AUD/USD

Question 21 Which following responsibility is the banks’ responsibility in the method of

collection?
a. Responsibility for the type and number of the documents.
b. Responsibility for the genuineness and falsification of the documents.
c. Responsibility for the content of the documents.
d. Responsibility for the form and legal effect of the documents.

Question 22 A Bill of lading issued by EVERGREEN LINE shows that“Shipper: ABC CO.,
LTD.; consignee: TO ORDER OF TRUST BANK; notify party: XYZ CO., LTD.”. Which
following party has the right to endorse this B/L?
a. EVERGREEN LINE
b. TRUST BANK
c. ABC CO., LTD.
d. XYZ CO., LTD.
(Ký hậu là ngân hàng)

Question 23 The presentation period of a letter of credit (L/C) is:

a. The time allowed after presentation for a bank to examine documents and report its
findings.
b. The time interval between issue of a L/C and the latest date when documents can be
presented.
c. The time interval between the latest shipment date and the latest date when the
documents can be presented.
d. The time interval between the actual date of shipment and the latest date when the
documents can be presented.

Question 24 Which following operation is not performed in the process of circulation of

promissory note?
a. Endorsement
b. Protest for non-payment/non-acceptance
c. Acceptance
d. Guarantee

Question 25 Which the following opinion is correct about the method of telegraphic transfer
(T/T)?

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 a. T/T should be used when the exporter and the importer have a well-established
relationship.
b. The importer receives the commercial documents from the remitting bank.
c. T/T is not the most popular type of remittance.
d. The remitting bank will credit to the beneficiary’s account.
(b sai do NH không nhận chứng từ, c sai vì T/T phổ biến trong phương thức chuyển tiền, d
sai vì phải là paying bank, remitting bank ghi debit vào remitter’s account).

1. Suppose an importer in United Kingdom is committed to pay USD 2.000.000

in the next 3 months. Which risk can this company be faced? What should
this company do to hedge against foreign exchange risk?
a. Exchange rate GBP/USD is decreased. This company should buy forward 3
months USD 2.000.000 against GBP
b. Exchange rate GBP/USD is decreased. This company should sell forward 3
months USD 2.000.000 against GBP
c. Exchange rate GBP/USD is increased. This company should buy forward 3
months USD 2.000.000 against GBP
d. Exchange rate GBP/USD is increased. This company should sell forward 3
months USD 2.000.000 against GBP

2. In the collection payment, which party below is the drawee of a bill of

exchange?
a. The importer
b. Bank of the exporter
c. Bank of the importer
d. The exporter
3. Which following opinion is correct with retail foreign exchange market?
a. Commercial banks are market makers, im-exporters are price takers
b. Commercial banks are market makers together on the basis of two-way quoting
c. Both commercial banks and im-exporters are market makers together
d. Commercial banks are price takers, im-exporters are market makers
4. XYZ Bank quotes exchange rates: 0,6825 – 0,6838 NZD/USD and 1,0672 –
1,0681 CHF/USD. Identify cross exchange rate between CHF and NZD.
1,0672 – 1,0681 CHF/USD
0,6825 – 0,6838 NZD/USD
a. 1,5607 – 1,5650 CHF/NZD
b. 0,7283 – 0,7304 CHF/NZD
c. 1,3691 – 1,3729 CHF/NZD
d. 0,6390 – 0,6407 CHF/NZD
5. Who is the party to accept a bill of exchange?
a. The beneficiary
b. The drawee
c. The drawer

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d. The guarantor
6. When payment term is the documentary credit, the drawee of a bill of
exchange is:
a. The issuing bank (documentary credit là L/C á)
b. The Importer
c. The exporter
d. The advising bank
7. Bank A (in Germany) opens JPY account at Bank B (in Japan) and
conversely, Bank B (in Japan) opens EUR account at Bank A (in Germany).
Thus, Bank B calls JPY account is ..........(1).......... and EUR account
is ...........(2)........... Choose the correct answer?
a. (1) Vostro; (2) Nostro
b. (1) Vostro, (2) Vostro
c. (1) Nostro; (2) Vostro
d. (1) Nostro; (2) Nostro
8. A bank quotes exchange rate: 118,75/53 USD/JPY. If you are the bank’s
customer, you will ....................................
a. sell JPY at 118,75 USD/JPY and buy JPY at 119,53 USD/JPY
b. sell JPY at 118,75 USD/JPY and buy JPY at 118,53 USD/JPY
c. sell USD at 118,75USD/JPYand buy USD at119,53USD/JPY
d. sell USD at 119,53 USD/JPY and buy USD at 118,75 USD/JPY
9. A bank quotes exchange rate: 0,8264 – 0,8276 AUD/USD. Which following
opinion is correct? ko chắc nha
a. The bank sells AUD at the exchange rate of 0,8264 AUD/USD
b. The above exchange rate is quoted according to the method of indirect quotation
in terms of Australia. (Diên nghĩ câu này đúng) Như cũng nghĩ câu này đúng
c. The bank buys AUD at the exchange rate of 0,8276 AUD/USD
d. The above exchange rate is quoted according to the method of indirect quotation
in terms of America. (Ánh nghĩ câu này đúng, Indirect: 1 home currency = X foreign
currency. ở đây, 1 USD = 0.8264 AUD) Như nghĩ ở đây 1 AUD= 0.8264 USD

10. Bank quotes exchange rate as follows

A Bank: 0,8255/76 AUD/USD B Bank: 0,8264/75 AUD/USD
C Bank: 0,8223/64 AUD/USD D Bank: 0,8234/52 AUD/USD
Assume that you want to sell AUD 3.000.000 to get USD. Which bank will you
sell AUD to? How many USD do you get?
a. Bank. Get 2.479.200 USD
b. Bank. Get 2.470.200 USD
c. Bank. Get 2.476.500 USD
d. Bank. Get 2.466.900 USD
11. XYZ Bank quotes exchange rates: 0,6841 – 0,6853 NZD/USD and 1,0586 –
1,0594 USD/CAD. Identify cross exchange rate between NZD and CAD.
a. 1,3774 – 1,3808 NZD/CAD
b. 0,6474 – 0,6841 NZD/CAD

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c. 0,7247 – 0,7255 NZD/CAD
d. 0,7242 – 0,7260 NZD/CAD
Which following type of international bank allows the foreign bank to provide
trade-related and foreign exchange services for its multinational customers in
the foreign market, without having to establish its own physical presence in
the foreign market?
a. Subsidiaries
b. Correspondent bank
c. Foreign branch bank
d. Representative office
12. From the perspective of the domestic bank, a Nostro account is:
a. A current account of the domestic bank opened at its correspondent bank.
b. Both are correct
c. Both are incorrect
d. A current account of a foreign bank opened at the domestic bank.
13. “.............................. earn profit by buying and selling the same currencies at
different time, but ................................. earn profit by taking advantages from
the difference in exchange rate quotation between markets at the same
time”.
Chose the following most correct order:
a. Hedgers; speculators
b. Arbitragers; speculators
c. Hedgers; arbitragers
d. Speculators; arbitragers (câu này nè, mở slide xem), speculators là different time
14. Bank quotes exchange rate as follows:
A Bank: 1,4265/74 USD/SGD B Bank: 1,4262/71 USD/SGD
C Bank: 1,4260/72 USD/SGD D Bank: 1,4264/75 USD/SGD
Assume that you want to sell USD 2.000.000 to get SGD. Which bank will you
sell USD to? How many SGD do you get?
a. A Bank. Get 2.853.000 SGD (câu này mới đúng nè, mình bán => ngân hàng
mua vs giá cao nhất thì mình chọn)
b. D Bank. Get 2.855.000 SGD (Câu này mới đúng nha) cái này là giá ngân hàng
bán USD mà
c. B Bank. Get 2.854.000 SGD
d. C Bank. Get 2.852.200 SGD
15. The buyer refuses to pay for the accepted bill of exchange because the
seller shipped goods late. This is ..................:
a. wrong because the bill of exchange is abstract and obligatory to pay. (Hối phiếu
đã dc chấp nhận rồi thì dù sai hợp đồng cũng phải trả, còn kiện tụng gì tính sau)
b. wrong if the buyer does not write the acceptance date when accepting the bill of
exchange.
c. correct if the bill of exchange shows that the buyer must pay when the seller
complies with the sales contract.
d. correct because the seller failed the sales contract.

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16. Which following operation is not performed in the process of circulation of
promissory note?
a. Guarantee
b. Acceptance
c. Endorsement
d. Protest for non-payment/non-acceptance
17. What is the most popular system used in the international payment
transaction?
a. SWIFT (The Society for Worldwide Interbank Financial Telecommunications)
b. ECHO (Exchange Clearing House Organization)
c. CHAPS (Clearing House Automated Payments System)
d. CHIPS (The Clearing House Interbank Payment System)
18. A bank quotes exchange rate: 0,7611 – 0,7632 USD/GBP. Which following
opinion is correct? ủa sao thấy b vs c đều đúng
a. The bank buys USD at the exchange rate of 0,7632 USD/GBP
b. The bank buys USD at the exchange rate of 0,7611 USD/GBP (Tuyền nghĩ câu
này không đúng luôn vì mua GBP mới là 0,7611 đúng hôn mọi người)
c. The above exchange rate is quoted according to the method of
direct quotation in terms of United Kingdom.(câu này hem đúng, UK yết giá gián
tiếp, này tui học bên qttcqt - nó là thông lệ QT luôn) ok vậy câu b
d. The above exchange rate is quoted according to the method of direct quotation in
terms of America.
19. When a bank and an enterprise engaging in a forward exchange contract,
what is the benefit of the enterprise?
a. The enterprise could get a better exchange rate of its currency traded on a
settlement date in future.
b. The enterprise gets exactly the exchange rate of its currency traded on a
settlement date in future.
c. The enterprise could get a better exchange rate of its currency traded in a period
in future.
d. The enterprise might select the best exchange rate of its currency traded in a
period in futur.e
20. Assume that the other determinants are not changed. If real interest rate in
Japan is lower than in America, which following opinion is correct in terms
of Japan?
a. Demand of USD is decreased, supply of USD is increased, exchange rate
USD/JPY is decreased
b. Demand of USD is increased, supply of USD is decreased, exchange rate
USD/JPY is increased
c. Demand of USD is decreased, supply of USD is decreased, exchange rate
USD/JPY is decreased
d. Demand of USD is increased, supply of USD is increased, exchange rate
USD/JPY is increased

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 1. In international trade transaction, if the drawer of promissory note
is ..............., the drawer of bill of exchange is .............:
a. the importer / the exporter
b. the exporter / the bank of the importer
c. the bank of the exporter / the importer
d. the exporter / the importer
2. Which following opinion is correct with retail foreign exchange market?
a. Commercial banks are price takers, im-exporters are market makers
b. Commercial banks are market makers together on the basis of two-way
quoting
c. Both commercial banks and im-exporters are market makers together
d. Commercial banks are market makers, im-exporters are price takers
3. Which following term of the import-export contract regulates about port
of loading and port of discharge?
a. Payment
b. Price
c. Shipment
d. Commodity
4. Assume that the other determinants are not changed. If real interest rate
in Japan is lower than in America, which following opinion is correct in
terms of Japan?
a. Demand of USD is increased, supply of USD is decreased, exchange rate
USD/JPY is increased
b. Demand of USD is decreased, supply of USD is increased, exchange rate
USD/JPY is decreased
c. Demand of USD is increased, supply of USD is increased, exchange rate
USD/JPY is increased
d. Demand of USD is decreased, supply of USD is decreased, exchange rate
USD/JPY is decreased
5. The buyer refuses to pay for the accepted bill of exchange because the
seller shipped goods late. This is ..................:
a. wrong if the buyer does not write the acceptance date when accepting the bill
of exchange.
b. correct if the bill of exchange shows that the buyer must pay when the seller
complies with the sales contract.
c. wrong because the bill of exchange is abstract and obligatory to pay.
d. correct because the seller failed the sales contract.
6. X company exports goods to Y company and issues an usance bill of
exchange. This bill of exchange was accepted by Y company and then
transferred to Z company by X company. Which following idea is
correct?

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 a. Y company is the only person responsible for paying to company Z.
b. Y company is only responsible for payment to Z company if the goods are
delivered in accordance with the agreement between X company and Y
company.
c. Y company must pay to Z company even if X company fails to deliver the
goods to the company Y.
d. X company is the only person responsible for paying company Z.
7. Assume that the other determinants are not changed. If inflation in
Japan is higher than in America, which following opinion is correct in
terms of Japan?
a. Demand of USD is increased, supply of USD is decreased, exchange rate
USD/JPY is increased
b. Demand of USD is increased, supply of USD is increased, ẹxchange rate
USD/JPY is increased
c. Demand of USD is decreased, supply of USD is decreased, exchange rate
USD/AUD is decreased
d. Demand of USD is decreased, supply of USD is increased, exchange rate
USD/AUD is decreased

8. What is the most popular financial document used in the international

payment?
a. Cheque
b. Bill of exchange
c. Payment card
d. Promissory note
9. It is showed that GBP/USD = 1,3224. This exchange rate says that:
a. 1 GBP = 1,3224 USD
b. USD is the base currency
c. 1 USD = 1,3224 GBP
d. GBP is the quote currency

10. Which following idea about bill of exchange is not correct?

a. The endorser must pay for the final beneficiary in recourse endorsement.
b. The final beneficiary must present the bill of exchange to the drawee to require
payment.
c. The drawee can refuse to pay for the accepted bill of exchange because of
unqualified goods.
d. The drawer has the obligation to pay for the beneficiary if the drawee refuses
to pay.

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 11. A bank quotes exchange rate: 1,1655/15 CHF/USD (CHF is the base
currency). If you are the bank’s customer, you will ....................................
a. sell USD at 1,1655 CHF/USD and buy USD at 1,1715 CHF/USD
b. sell USD at 1,1655 CHF/USD and buy USD at 1,1615 CHF/USD
c. sell CHF at 1,1655 CHF/USD and buy CHF at 1,1715 CHF/USD
d. sell CHF at 1,1715 CHF/USD and buy CHF at 1,1655 CHF/USD
12. Which following type of international bank allows the foreign bank to
provide trade-related and foreign exchange services for its multinational
customers in the foreign market, without having to establish its own
physical presence in the foreign market?
a. Subsidiaries
b. Correspondent bank
c. Foreign branch bank
d. Representative office

1. Which following bill of exchange is transferred by endorsing?

a. At sight bill of exchange
b. Order bill of exchange
c. Bearer bill of exchange
d. Nominal bill of exchange

2. In Vietnam, which following subject is NOT allowed to provide the

international payment services?
a. Branches of the foreign bank
b. Representative office of foreign bank (hình như văn phòng đại diện k dc thực
hiện kinh doanh)
c. The joint-venture banks
d. Small Vietnamese commercial banks (không chắc)

3. Which following foreign exchange transaction is not tool to hedge

against foreign exchange risks?
a. Currency option transaction
b. Forward transaction
c. Currency future transaction
d. Spot transaction

4. According to ULB 1930, if a bill of exchange does not show the place of
payment, the place of payment in this case is ...................................:
a. the address of the drawee yeah
b. the address of guarantor
c. the address of the payee
d. the address of the drawer

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 5. Which following bill of exchange is invalid?
a. Bill of exchange shows “pay to holder”
b. Bill of exchange shows “pay to the order of XYZ Bank”
c. Bill of exchange shows “pay to bearer”
d. Bill of exchange shows “pay to ABC Company if the seller delivers the goods
in full” (Diên nghĩ dị đóa) yeah

Which following idea about bill of exchange is not correct?

a. The drawer has the obligation to pay for the beneficiary if the drawee refuses to pay.
b. The final beneficiary must present the bill of exchange to the drawee to require payment.
c. The endorser must pay for the final beneficiary in recourse endorsement.
d. The drawee can refuse to pay for the accepted bill of exchange because of unqualified
goods.

X company exports goods to Y company and issues an usance bill of exchange. This bill of exchange
was accepted by Y company and then transferred to Z company by X company. Which following idea
is correct?

a. Y company is the only person responsible for paying to company Z.

b. Y company must pay to Z company even if X company fails to deliver the goods to the
company Y.

c. X company is the only person responsible for paying company Z.

d. Y company is only responsible for payment to Z company if the goods are delivered in
accordance with the agreement between X company and Y company câu này Khôi nghĩ sai rồi
đáp án giống câu trên kia. Khôi giải thích cho bạn hiểu nè “trong hối phiếu có tính chất độc lập,
nghĩa là 2 lĩnh vực trả tiền hối phiếu và hàng hóa đúng thỏa thuận hợp đồng hoàn toàn độc lập
nhau. Đã có hối phiếu thì bắt buộc phải trả tiền cho người thụ hưởng (cty Z), còn nếu hàng hóa
ko đúng hợp đồng thì sẽ điều chỉnh lại sau theo hợp đồng nghiệp vụ ngoại thương. Chính vì vậy
người bị ký phát ko thể viện lý do từ chối thanh toán do ko đúng thỏa thuận hàng hóa được.
Trong trường hợp người bị ký phát (cty Y) ko thể trả tiền do khả năng tài chính hoặc trường hợp
bất khả kháng thì người liên đới phải trả tiền thay đó chính là người ký phát (cty X)

13
Bank quotes exchange rate as follows:
A Bank: 0,8255/76 AUD/USD B Bank: 0,8264/75 AUD/USD
C Bank: 0,8223/64 AUD/USD D Bank: 0,8234/52 AUD/USD
Assume that you want to sell AUD3.000.000 to get USD. Which bank will you sell AUD to? How many
USD do you get?
a. Bank. Get 2.479.200 USD
b. Bank. Get 2.470.200 USD
c. Bank. Get 2.466.900 USD
d. Bank. Get 2.476.500 USD

From the perspective of the domestic bank, a Nostro account is:

a. A current account of the domestic bank opened at its correspondent bank.
b. Both are incorrect
c. A current account of a foreign bank opened at the domestic bank.
d. Both are correct

Assume that the other determinants are not changed. If real interest rate in Japan is
lower than in America, which following opinion is correct in terms of Japan?
a. Demand of USD is increased, supply of USD is increased, exchange rate USD/JPY is
increased
b. Demand of USD is increased, supply of USD is decreased, exchange rate USD/JPY
is increased
c. Demand of USD is decreased, supply of USD is decreased, exchange rate USD/JPY is
decreased
d. Demand of USD is decreased, supply of USD is increased, exchange rate USD/JPY is
decreased

Assume that the other determinants are not changed. If inflation in Japan is higher
than in America, which following opinion is correct in terms of Japan?
a. Demand of USD is decreased, supply of USD is increased, exchange rate USD/AUD is
decreased
b. Demand of USD is decreased, supply of USD is decreased, exchange rate USD/AUD is
decreased
c. Demand of USD is increased, supply of USD is increased, exchange rate USD/JPY is
increased
d. Demand of USD is increased, supply of USD is decreased, exchange rate USD/JPY
is increased

Which following idea about bill of exchange is not correct?

a. The drawee can refuse to pay for the accepted bill of exchange because of
unqualified goods.
b. The final beneficiary must present the bill of exchange to the drawee to require payment.
c. The drawer has the obligation to pay for the beneficiary if the drawee refuses to pay.
d. The endorser must pay for the final beneficiary in recourse endorsement.

When payment term is the documentary credit, the drawee of a bill of exchange is:

14
a. The advising bank
b. The exporter
c. The issuing bank
d. The Importer

Which following type of international bank allows the foreign bank to provide trade-
related and foreign exchange services for its multinational customers in the foreign
market, without having to establish its own physical presence in the foreign market?
a. Foreign branch bank
b. Subsidiaries
c. Representative office
d. Correspondent bank

The buyer refuses to pay for the accepted bill of exchange because the seller shipped
goods late. This is ..................:
a. wrong if the buyer does not write the acceptance date when accepting the bill of
exchange.
b. wrong because the bill of exchange is abstract and obligatory to pay.
c. correct because the seller failed the sales contract.
d. correct if the bill of exchange shows that the buyer must pay when the seller complies with
the sales contract.

Which following opinion is correct with retail foreign exchange market?

a. Commercial banks are price takers, im-exporters are market makers
b. Commercial banks are market makers together on the basis of two-way quoting
c. Commercial banks are market makers, im-exporters are price takers
d. Both commercial banks and im-exporters are market makers together

What is the most popular system used in the international payment transaction?
a. SWIFT (The Society for Worldwide Interbank Financial Telecommunications)
b. ECHO (Exchange Clearing House Organization)
c. CHIPS (The Clearing House Interbank Payment System)
d. CHAPS (Clearing House Automated Payments System)

Which following foreign exchange transaction is not tool to hedge against foreign
exchange risks?
a. Currency future transaction
b. Forward transaction
c. Spot transaction
d. Currency option transaction

XYZ Bank quotes exchange rates: 0,6841 – 0,6853 NZD/USD and 1,0586 – 1,0594
USD/CAD. Identify cross exchange rate between NZD and CAD.
a. 0,6474 – 0,6841 NZD/CAD
b. 0,7242 – 0,7260 NZD/CAD
c. 1,3774 – 1,3808 NZD/CAD
d. 0,7247 – 0,7255 NZD/CAD

15
In international trade transaction, if the drawer of promissory note is ..............., the
drawer of bill of exchange is .............:
a. the exporter / the bank of the importer
b. the exporter / the importer
c. the bank of the exporter / the importer
d. the importer / the exporter

Which following term of the import-export contract regulates about port of loading
and port of discharge?
a. Price
b. Payment
c. Shipment
d. Commodity

Which following bill of exchange is transferred by endorsing?

a. Order bill of exchange
b. Nominal bill of exchange
c. At sight bill of exchange
d. Bearer bill of exchange

“.............................. earn profit by buying and selling the same currencies at different
time, but ................................. earn profit by taking advantages from the difference in
exchange rate quotation between markets at the same time”.
Chose the following most correct order:
a. Hedgers; arbitragers
b. Hedgers; speculators
c. Speculators; arbitragers
d. Arbitragers; speculators

XYZ Bank quotes exchange rates: 0,6825 – 0,6838 NZD/USD and 1,0672 – 1,0681
CHF/USD. Identify cross exchange rate between CHF and NZD.
a. 1,3691 – 1,3729 CHF/NZD
b. 1,5607 – 1,5650 CHF/NZD
c. 0,6390 – 0,6407 CHF/NZD
d. 0,7283 – 0,7304 CHF/NZD

Suppose an importer in United Kingdom is committed to pay USD 2.000.000 in the

next 3 months. Which risk can this company be faced? What should this company do
to hedge against foreign exchange risk?
a. Exchange rate GBP/USD is increased. This company should buy forward 3 months USD
2.000.000 against GBP
b. Exchange rate GBP/USD is decreased. This company should sell forward 3 months USD
2.000.000 against GBP
c. Exchange rate GBP/USD is decreased. This company should buy forward 3 months
USD 2.000.000 against GBP
d. Exchange rate GBP/USD is increased. This company should sell forward 3 months USD
2.000.000 against GBP

16
 ......According to ULB 1930, if a bill of exchange does not show the place of payment,
the place of payment in this case is.............................:
a. the address of the payee
b. the address of the drawer
c. the address of the drawee
d. the address of guarantor

In the collection payment, which party below is the drawee of a bill of exchange?
a. The importer
b. The exporter
c. Bank of the importer
d. Bank of the exporter

Which following operation is not performed in the process of circulation of

promissory note?
a. Endorsement
b. Guarantee
c. Protest for non-payment/non-acceptance
d. Acceptance

A bank quotes exchange rate: 118,75/53 USD/JPY. If you are the bank’s customer, you
will ....................................
a. sell JPY at 118,75 USD/JPY and buy JPY at 119,53 USD/JPY
b. sell JPY at 118,75 USD/JPY and buy JPY at 118,53 USD/JPY
c. sell USD at 119,53 USD/JPY and buy USD at 118,75 USD/JPY
d. sell USD at 118,75USD/JPYand buy USD at119,53USD/JPY

Who is the party to accept a bill of exchange?

a. The drawer
b. The drawee
c. The guarantor
d. The beneficiary

In Vietnam, which following subject is NOT allowed to provide the international

payment services?
a. Representative office of foreign bank
b. The joint-venture banks
c. Small Vietnamese commercial banks
d. Branches of the foreign bank

A bank quotes exchange rate: 0,8264 – 0,8276 AUD/USD. Which following opinion is
correct?
a. The above exchange rate is quoted according to the method of indirect quotation in
terms of Australia.
b. The above exchange rate is quoted according to the method of indirect quotation in terms
of America.

17
c. The bank sells AUD at the exchange rate of 0,8264 AUD/USD
d. The bank buys AUD at the exchange rate of 0,8276 AUD/USD

The issuing date of bill of exchange is the date to identify .......................:

a. the acceptance date of bill of exchange.
b. the due date of bill of exchange if this bill of exchange shows “At 30 days after sight”.
c. the shipment date.
d. the maturity date of bill of exchange if this bill of exchange shows “At 30 days after B/E
date”.

Which following bill of exchange is invalid?

a. Bill of exchange shows “pay to ABC Company if the seller delivers the goods in
full”
b. Bill of exchange shows “pay to the order of XYZ Bank”
c. Bill of exchange shows “pay to holder”
d. Bill of exchange shows “pay to bearer”

Bank quotes exchange rate as follows:

A Bank: 1,4265/74 USD/SGD B Bank: 1,4262/71 USD/SGD
C Bank: 1,4260/72 USD/SGD D Bank: 1,4264/75 USD/SGD

Assume that you want to sell USD2.000.000 to get SGD. Which bank will you sell USD
to? How many SGD do you get?
a. C Bank. Get 2.852.200 SGD
b. D Bank. Get 2.855.000 SGD
c. A Bank. Get 2.853.000 SGD
d. B Bank. Get 2.854.000 SGD

Bank quotes exchange rate as follows:

A Bank: 0,8255/76 AUD/USD B Bank: 0,8264/75 AUD/USD
C Bank: 0,8223/64 AUD/USD D Bank: 0,8234/52 AUD/USD

Assume that you want to sell AUD3.000.000 to get USD. Which bank will you sell AUD
to? How many USD do you get?
a. Bank. Get 2.466.900 USD
b. Bank. Get 2.476.500 USD
c. Bank. Get 2.479.200 USD
d. Bank. Get 2.470.200 USD

It is showed that GBP/USD = 1,3224. This exchange rate says that:

a. GBP is the quote currency
b. USD is the base currency
c. 1 GBP = 1,3224 USD
d. 1 USD = 1,3224 GBP

When a bank and an enterprise engaging in a forward exchange contract, what is the
benefit of the enterprise?

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a. The enterprise could get a better exchange rate of its currency traded in a period in future.
b. The enterprise could get a better exchange rate of its currency traded on a settlement
date in future.
c. The enterprise gets exactly the exchange rate of its currency traded on a settlement
date in future.
d. The enterprise might select the best exchange rate of its currency traded in a period in
future.

A bank quotes exchange rate: 0,7611 – 0,7632 USD/GBP. Which following opinion is
correct?
a. The bank buys USD at the exchange rate of 0,7632 USD/GBP
b. The bank buys USD at the exchange rate of 0,7611 USD/GBP
c. The above exchange rate is quoted according to the method of direct quotation in
terms of United Kingdom.
d. The above exchange rate is quoted according to the method of direct quotation in terms of
America.

A bank quotes exchange rate: 1,1655/15 CHF/USD (CHF is the base currency). If you
are the bank’s customer, you will ....................................
a. sell CHF at 1,1655 CHF/USD and buy CHF at 1,1715 CHF/USD
b. sell USD at 1,1655 CHF/USD and buy USD at 1,1715 CHF/USD
c. sell CHF at 1,1715 CHF/USD and buy CHF at 1,1655 CHF/USD
d. sell USD at 1,1655 CHF/USD and buy USD at 1,1615 CHF/USD

What is the most popular financial document used in the international payment?
a. Cheque
b. Bill of exchange
c. Promissory note
d. Payment card

Bank A (in Germany) opens JPY account at Bank B (in Japan) and conversely, Bank B
(in Japan) opens EUR account at Bank A (in Germany). Thus, Bank B calls JPY
account is ..........(1).......... and EUR account is ...........(2)........... Choose the correct
answer?
a. (1) Vostro, (2) Vostro
b. (1) Nostro; (2) Nostro
c. (1) Nostro; (2) Vostro
d. (1) Vostro; (2) Nostro

Who has obligation to authenticate L/C according to UCP 600?

a. Advising bank
b. Issuing bank
c. Confirming bank
d. Nominated bank

Field 71A (Details of charges) of MT103 shows “OUR”. Which following party will pay
the beneficiary’s bank charges?

19
a. Intermediary bank
b. The beneficiary
c. The remitting bank
d. The remitter

The applicant is approved to open an LC with a payment plan which is 80% L/C
amount by deposit from their USD account, 20% by loan at the issuing bank. The
beneficiary presents the complying documents. However, the applicant goes
bankrupt. The issuing bank:
a. must honour 20% the documents value to the beneficiary.
b. must honour 100% the documents value to the beneficiary.
c. has the right to refuse to honour to the beneficiary.
d. must honour 80% the documents value to the beneficiary.

Who has the ownership of goods if B/L shows “Consignee: TO ORDER”?

a. The shipper
b. The master
c. The carrier
d. The notify party

Who can NOT issue a Bill of lading?

a. Carrier
b. Shipper
c. Agent of the carrier
d. Captain

A B/L shows: “Shipper: AN PHUOC CO., LTD.; consignee: TO ORDER; notify party:
TOYOTA CO., LTD.; carrier: EVERGREEN LINE; agent of the carrier: EVERGREEN
VIETNAM LINE”. Which following party has the ownership of goods?
a. EVERGREEN VIETNAM LINE
b. TOYOTA CO., LTD.
c. EVERGREEN LINE
d. AN PHUOC CO., LTD.

After receiving original L/C, the exporter asks bank to provide a loan of trade finance
before shipment. Which following documents are required by bank? (1) sales
contract, (2) financial document (bill of exchange), (3) commercial documents, (4)
original L/C, (5) documents of loan as per regulation of bank.
a. (1), (2), (3), (4) and (5)
b. (1), (2) and (4)
c. (1), (4) and (5)
d. (1), (2), (3) and (5)

A L/C indicates that L/C is available with any bank by negotiation. In this case, any
bank is:
a. the reimbursing bank
b. the advising bank
c. the issuing bank

20
d. the nominated bank

Which following document is presented to the remitting bank by the exporter in the
method of clean collection?
a. Bill of exchange
b. Bill of lading
c. Insurance certificate
d. Commercial invoice

Which the following opinion is correct about the method of telegraphic transfer (T/T)?
a. The remitting bank will credit to the beneficiary’s account.
b. T/T should be used when the exporter and the importer have a well-established
relationship.
c. T/T is not the most popular type of remittance.
d. The importer receives the commercial documents from the remitting

Baozun => Momo => AAPL

MoMo Company imports the goods from Baozun Company to export to AAPL
Company. These companies agree to pay by transferable L/C. Which of the following
opinions is correct?
a. AAPL Company is the first beneficiary, Momo Company is the applicant, Baozun
Company is the second beneficiary.
b. AAPL Company is the applicant, Momo Company is the second beneficiary, Baozun
Company is the first beneficiary.
c. AAPL Company is the applicant, Momo Company is the first beneficiary, Baozun
Company is the second beneficiary.
d. AAPL Company is second beneficiary, Momo Company is the first beneficiary, Baozun
Company is the applicant.

Which the information on a B/L regarding the parties can get a delivery order at the
delivery port?
a. Shipper & Consignee
b. Consignee & The carrier
c. Shipper & Notify party
d. Consignee & Notify party

A Bill of lading issued by EVERGREEN LINE shows that“Shipper: ABC CO., LTD.;
consignee: TO ORDER OF TRUST BANK; notify party: XYZ CO., LTD.”. Which
following party has the right to endorse this B/L?
a. TRUST BANK
b. XYZ CO., LTD.
c. EVERGREEN LINE
d. ABC CO., LTD.

According to UCP 600, each bank has …………… to determine if a presentation is

complying.

21
a. a maximum of five banking days following the day of presentation.
b. a maximum of seven banking days following the day of presentation.
c. a maximum of five banking days from the day of presentation.
d. a maximum of five days following the day of presentation.

A L/C requires to present the documents, including: Commercial invoice, Packing list,
B/L, Insurance certificate. This L/C also requires“Third party documents are
acceptable”. Which following documents are the third party documents as per this
L/C’s requirement?
a. Commercial invoice, B/L, Insurance certificate
b. B/L, Insurance certificate
c. Commercial invoice, Packing list, B/L
d. Commercial invoice, Packing list

Arrange these documents in ascending order of the legal value

a. Certificate of Insurance, Insurance policy, Cover Note
b. Insurance policy, Certificate of Insurance, Cover Note
c. Cover Note, Certificate of Insurance, Insurance policy
d. Insurance policy, Cover Note, Certificate of Insurance

Arrange the following international payment method in the order of increasing the
seller’s risk.
a. L/C, D/P, D/A, clean collection, T/T after shipment
b. Clean collection, D/A, L/C, T/T before shipment
c. T/T before shipment, D/A, D/P, L/C, T/T after shipment
d. T/T after shipment, L/C, clean collection, D/A, D/P

A sales contract shows: “Total amount: USD 200,000. Payment term: 20% contract
value by T/T in advance and 80% contract value by irrevocable L/C at sight”. Which
following opinion is NOT correct?
a. The seller will receive USD 40,000 first and USD 160,000 later.
b. The buyer has responsibility for undertaking to pay USD 160,000 to the seller.
c. The buyer must pay USD 40,000 to the seller by T/T before shipment.
d. The seller will present the commercial documents to the bank after shipment.
Which following information is NOT shown on B/L?
a. The shipper and consignee
b. The route and means of transport
c. “Freight prepaid” or “freight collect” following the function does the original bill of lading not
have
d. The price of goods

Which following the function does the original bill of lading not have?
a. Evidence of title to the goods
b. Evidence of price of the goods
c. A receipt issued by the carrier to the shipper, confirming the goods were received
d. Evidence of a contract of carriage

Which following documents can be issued by the exporter himself?

22
a. Promissory note, Certificate of quantity, Commercial invoice
b. Ocean Bill of lading, Insurance policy, Certificate of origin
c. Commercial invoice, Ocean Bill of lading, Insurance policy
d. Bill of exchange, Packing list, Commercial invoice

“A Clean Bill of Lading” means:

a. There is no corrections and alterations on the B/L.
b. There is not any clause or notation expressly declaring a defective condition of the goods.
c. There is the word “clean” on the B/L.
d. (a), (b) and (c) are correct.

Which of the following determines whether the issuing bank honours the beneficiary
or not?
a. The compliance of documents.
b. The terms of sales contract.
c. The quality of goods.
d. The financial capability of the applicant.

Who do not have the right to issue a Bill of Lading?

a. The shipper
b. The carrier and the carrier’s agent
c. The Consignee
d. The master and the master’s agent

Which following form of C/O is used in the goods eligible for import preferential tariff
under CEPT scheme for the ASEAN countries?
a. Form B
b. Form A
c. Form E
d. Form D

The date of the insurance document must be no later than...:

a. The issuing date of invoice
b. The shipment date
c. The issuing date of bill of exchange
d. The issuing date of B/L

Which following opinion is NOT correct about insurance document in international

trade and payment?
a. Cover notes will not be accepted in the method of documentary credit.
b. The seller must send insurance document to the buyer if two parties use CIF or CIP
(Incoterms 2010).
c. Insurance document must show the name of the insurer.
d. Insurance document can not be transferred by endorsement.

23
An importer in Singapore requests UBS (Singapore) to issue an L/C. The advising
bank is Chase Bank, USA. There is no other bank joining in this transaction. Which of
the following L/C types is used in this case?
a. L/C is available with nominated bank.
b. Transferable L/C
c. L/C is available with issuing bank.
d. Confirmed L/C

According to UCP 600, complying presentation means a presentation that is in

accordance with:
a. sales contract and L/C
b. L/C, the applicable provisions of UCP and ISBP
c. the applicable provisions of UCP and ISBP
d. sales contract, L/C and UCP

Which of the following requirements of L/C is NOT reasonable?

a. L/C requires C/O issued by the seller.
b. The period for presentation is within 15 days after the shipment date but within the validity
of the credit.
c. The expiry date of L/C is 24th June 2021 and the latest shipment date is 22th July
2021.
d. L/C shows CIF according to Incoterms 2020 and requires B/L marked “Freight prepaid”

L/C is available with issuing bank and the beneficiary presents the complying
documents. Which following opinion is correct?
a. The nominated bank and the issuing bank are the parties who must honour to the
beneficiary.
b. The nominated bank is the only party who must honour to the beneficiary.
c. The advising bank is the only party who must honour to the beneficiary.
d. The issuing bank is the only party who must honour to the beneficiary.
Which payment method causes higher risks for banks in trade finance activities for
exporters (assume that do not consider other factors)?
a. L/C at sight
b. D/P at sight
c. D/A 30 days after B/L date
d. L/C 30 days after B/L date
Which following information must be shown on C/O?
a. The
b. The goods
c. The freight charges
d. The notify party

Which following responsibility is the banks’ responsibility in the method of

collection?
a. Responsibility for the content of the documents.
b. Responsibility for the form and legal effect of the documents.
c. Responsibility for the genuineness and falsification of the documents.
d. Responsibility for the type and number of the documents.

24
Which following answer is reasonable in a payment transaction of L/C?
a. The issuing date of bill of exchange is usually later than the shipment date.
b. The issuing date of insurance document is later than the shipment date.
c. The issuing date of invoice is earlier than the issuing date of L/C.
d. The issuing date of B/L is later than the expiry date of L/C.

Which is the characteristic of the method of clean collection?

a. The receivement of the commercial documents is dependent on the payment of the
importer.
b. The collecting bank has responsibility for payment if the exporter presents the complying
documents.
c. The banks handle on the basis of the commercial documents.
d. The banks handle on the basis of the finance documents.

When releasing documents according to the method of D/A, the collecting bank must
follow the operation:
(1) the documents’ contents must be in accordance with full details with the sales contract.
(2) the received documents’ type and number must be as that listed in the collection
instruction.
(3) the buyer must make acceptance.
(4) the buyer must make payment.
a. (1, (2) và (4)
b. (1), (2) và (3)
c. (2) và (3)
d. (2) và (4)

The presentation period of a letter of credit (L/C) is:

a. The time interval between issue of a L/C and the latest date when documents can be
presented.
b. The time interval between the latest shipment date and the latest date when the
documents can be presented.
c. The time interval between the actual date of shipment and the latest date when the
documents can be presented.
d. The time allowed after presentation for a bank to examine documents and report its
findings.

If the importer paid in advance for a shipment, to have the right to receive that
shipment at delivery port, what should the importer be on the B/L?
a. Shipper
b. Carrier
c. Notify party
d. Consignee

Question 1

Question text

25
Suppose an importer in United Kingdom is committed to pay USD 2.000.000 in the next 3 months.
Which risk can this company be faced? What should this company do to hedge against foreign
exchange risk?

a. Exchange rate GBP/USD is decreased. This company should buy forward 3 months USD
2.000.000 against GBP

b. Exchange rate GBP/USD is decreased. This company should sell forward 3 months USD
2.000.000 against GBP

c. Exchange rate GBP/USD is increased. This company should buy forward 3 months USD 2.000.000
against GBP

d. Exchange rate GBP/USD is increased. This company should sell forward 3 months USD 2.000.000
against GBP

Question 2

Question text
In the collection payment, which party below is the drawee of a bill of exchange?

a. The importer

b. Bank of the exporter

c. Bank of the importer

d. The exporter

Question 3

Question text
Which following opinion is correct with retail foreign exchange market?

a. Commercial banks are market makers, im-exporters are price takers

b. Commercial banks are market makers together on the basis of two-way quoting

c. Both commercial banks and im-exporters are market makers together

d. Commercial banks are price takers, im-exporters are market makers

Question 4

Question text
XYZ Bank quotes exchange rates: 0,6825 – 0,6838 NZD/USD and 1,0672 – 1,0681 CHF/USD.
Identify cross exchange rate between CHF and NZD.

a. 1,5607 – 1,5650 CHF/NZD

b. 0,7283 – 0,7304 CHF/NZD

c. 1,3691 – 1,3729 CHF/NZD

d. 0,6390 – 0,6407 CHF/NZD

Question 5

Question text
Who is the party to accept a bill of exchange?

26
a. The beneficiary

b. The drawee

c. The drawer

d. The guarantor

Question 6

Question text
Which following term of the import-export contract regulates about port of loading and port of
discharge?

a. Commodity

b. Shipment

c. Payment

d. Price

Question 7

Question text
In international trade transaction, if the drawer of promissory note is ..............., the drawer of bill of
exchange is .............:

a. the importer / the exporter

b. the bank of the exporter / the importer

c. the exporter / the bank of the importer

d. the exporter / the importer

Question 8

Question text
When payment term is the documentary credit, the drawee of a bill of exchange is:

a. The issuing bank

b. The Importer

c. The exporter

d. The advising bank

Question 9

Question text
Bank A (in Germany) opens JPY account at Bank B (in Japan) and conversely, Bank B (in Japan)
opens EUR account at Bank A (in Germany). Thus, Bank B calls JPY account is ..........(1).......... and
EUR account is ...........(2)........... Choose the correct answer?

a. (1) Vostro; (2) Nostro

27
b. (1) Vostro, (2) Vostro

c. (1) Nostro; (2) Vostro

d. (1) Nostro; (2) Nostro

Question 10
Question text
A bank quotes exchange rate: 118,75/53 USD/JPY. If you are the bank’s customer, you
will ....................................

a. sell JPY at 118,75 USD/JPY and buy JPY at 119,53 USD/JPY

b. sell JPY at 118,75 USD/JPY and buy JPY at 118,53 USD/JPY

c. sell USD at 118,75USD/JPYand buy USD at119,53USD/JPY

d. sell USD at 119,53 USD/JPY and buy USD at 118,75 USD/JPY

Question 11

Question text
A bank quotes exchange rate: 0,8264 – 0,8276 AUD/USD. Which following opinion is correct?

a. The bank sells AUD at the exchange rate of 0,8264 AUD/USD

b. The above exchange rateis quoted according to the method of indirect quotation in terms of
Australia.

c. The bank buys AUD at the exchange rate of 0,8276 AUD/USD

d. The above exchange rate is quoted according to the method of indirect quotation in terms of
America.

Question 12

Question text
X company exports goods to Y company and issues an usance bill of exchange. This bill of exchange
was accepted by Y company and then transferred to Z company by X company. Which following idea
is correct?

a. Y company is only responsible for payment to Z company if the goods are delivered in accordance
with the agreement between X company and Y company.

b. Y company must pay to Z company even if X company fails to deliver the goods to the company Y.

c. X company is the only person responsible for paying company Z.

d. Y company is the only person responsible for paying to company Z.

Question 13

Question text
Bank quotes exchange rate as follows:
A Bank: 0,8255/76 AUD/USD B Bank: 0,8264/75 AUD/USD
C Bank: 0,8223/64 AUD/USD D Bank: 0,8234/52 AUD/USD

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Assume that you want to sell AUD3.000.000 to get USD. Which bank will you sell AUD to? How many
USD do you get?

a. Bank. Get 2.479.200 USD

b. Bank. Get 2.470.200 USD

c. Bank. Get 2.476.500 USD

d. Bank. Get 2.466.900 USD

Question 14

Question text
XYZ Bank quotes exchange rates: 0,6841 – 0,6853 NZD/USD and 1,0586 – 1,0594 USD/CAD.
Identify cross exchange rate between NZD and CAD.

a. 1,3774 – 1,3808 NZD/CAD

b. 0,6474 – 0,6841 NZD/CAD

c. 0,7247 – 0,7255 NZD/CAD

d. 0,7242 – 0,7260 NZD/CAD

Question 15

Question text
The issuing date of bill of exchange is the date to identify .......................:

a. the acceptance date of bill of exchange.

b. the due date of bill of exchange if this bill of exchange shows “At 30 days after sight”.

c. the maturity date of bill of exchange if this bill of exchange shows “At 30 days after B/E date”.

d. the shipment date.

Question 16

Question text
Which following type of international bank allows the foreign bank to provide trade-related and foreign
exchange services for its multinational customers in the foreign market, without having to establish its
own physical presence in the foreign market?

a. Subsidiaries

b. Correspondent bank

c. Foreign branch bank

d. Representative office

Question 17

Question text
From the perspective of the domestic bank, a Nostro account is:

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a. A current account of the domestic bank opened at its correspondent bank.

b. Both are correct

c. Both are incorrect

d. A current account of a foreign bank opened at the domestic bank.

Question 18

Question text
“.............................. earn profit by buying and selling the same currencies at different time,
but ................................. earn profit by taking advantages from the difference in exchange rate
quotation between markets at the same time”.
Chose the following most correct order:

a. Hedgers; speculators

b. Arbitragers; speculators

c. Hedgers; arbitragers

d. Speculators; arbitragers

Question 19

Question text
Bank quotes exchange rate as follows:
A Bank: 1,4265/74 USD/SGD B Bank: 1,4262/71 USD/SGD
C Bank: 1,4260/72 USD/SGD D Bank: 1,4264/75 USD/SGD
Assume that you want to sell USD2.000.000 to get SGD. Which bank will you sell USD to? How
many SGD do you get?

a. A Bank. Get 2.853.000 SGD

b. D Bank. Get 2.855.000 SGD

c. B Bank. Get 2.854.000 SGD

d. C Bank. Get 2.852.200 SGD

Question 20

Question text
The buyer refuses to pay for the accepted bill of exchange because the seller shipped goods late.
This is ..................:

a. wrong because the bill of exchange is abstract and obligatory to pay.

b. wrong if the buyer does not write the acceptance date when accepting the bill of exchange.

c. correct if the bill of exchange shows that the buyer must pay when the seller complies with the
sales contract.

d. correct because the seller failed the sales contract.

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Question 21

Question text
Which following operation is not performed in the process of circulation of promissory note?

a. Guarantee

b. Acceptance

c. Endorsement

d. Protest for non-payment/non-acceptance

Question 22

Question text
What is the most popular system used in the international payment transaction?

a. SWIFT (The Society for Worldwide Interbank Financial Telecommunications)

b. ECHO (Exchange Clearing House Organization)

c. CHAPS (Clearing House Automated Payments System)

d. CHIPS (The Clearing House Interbank Payment System)

Question 23

Question text
A bank quotes exchange rate: 0,7611 – 0,7632 USD/GBP. Which following opinion is correct?

a. The bank buys USD at the exchange rate of 0,7632 USD/GBP

b. The bank buys USD at the exchange rate of 0,7611 USD/GBP

c. The above exchange rate is quoted according to the method of direct quotation in terms of United
Kingdom.

d. The above exchange rate is quoted according to the method of direct quotation in terms of
America.

Question 24

Question text
When a bank and an enterprise engaging in a forward exchange contract, what is the benefit of the
enterprise?

a. The enterprise could get a better exchange rate of its currency traded on a settlement date in
future.

b. The enterprise gets exactly the exchange rate of its currency traded on a settlement date in future.

c. The enterprise could get a better exchange rate of its currency traded in a period in future.

d. The enterprise might select the best exchange rate of its currency traded in a period in future.

Question 25

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Question text
Assume that the other determinants are not changed. If real interest rate in Japan is lower than in
America, which following opinion is correct in terms of Japan?

a. Demand of USD is decreased, supply of USD is increased, exchange rate USD/JPY is decreased

b. Demand of USD is increased, supply of USD is decreased, exchange rate USD/JPY is increased

c. Demand of USD is decreased, supply of USD is decreased, exchange rate USD/JPY is decreased

d. Demand of USD is increased, supply of USD is increased, exchange rate USD/JPY is increased

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QUIZ CỦA THU THẢO

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