奥鹏远程教育北语《商贸英语》在线作业三

奥鹏教育北京语言大学平时在线作业

20秋《商贸英语》作业3

Which of the following is NOT true about the European Union?
A:It eliminated the cost of cross-border transactions.
B:It realized better economies of scale.
C:It made the European companies more efficient.
D:It realized political union in Europe.
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If a credit stipulated that its amount can be renewed or reinstated without specific amendment to the credit being made, it is then a ___credit.
A:revolving
B:non-draft
C:transferable
D:sight
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A ___is a tax levied on a commodity when it crosses the boundary of a customs area which usually coincides with the area of a country.
A:tariff
B:fine
C:charge
D:surcharge
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Generally speaking,( ) is the most important factor in deciding the trend of exchange rate.
A:interest rate
B:inflation
C:international balance of payment
D:economic influence
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In international investment, the foreign country where the investor operates is called .
A:the home country
B:the host country
C:the investing country
D:the capital country
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___ was formed as a conduit for multilateral negotiations on a variety of international trade issues.
A:GATT
B:BOT
C:UN
D:FOB
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In the case of , documents are handed over to the importer upon his acceptance of the bill of exchange drawn by the exporter.
A:D/A
B:D/P at sight
C:D/P after sight
D:sight draft
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The word “___” means “to take the place of another”.
A:value
B:subrogate
C:contribute
D:contract
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___holds that a contract of insurance is one which restores a person who suffered a loss into the same position as he was in before the loss occurred.
A:Indemnity
B:Insurable interest
C:Utmost good faith
D:Contribution
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If a credit is confirmed by a bank other than the issuing bank, it becomes a ___ credit.
A:confirmed
B:documentary
C:clean
D:usance
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When it is ecnomically advantageous, complete specialization may occur.
A:错误
B:正确
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The time of shipment can be later than that stipulated in the credit.
A:错误
B:正确
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Counter trade is a peculiar form of transaction allegedly popular in less developed countries and in centrally planned economies.
A:错误
B:正确
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Under the gold standard system, each country pegged the value of its currency to gold to establish its par value.
A:错误
B:正确
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A sight draft calls for immediate payment on presentation to the drawee.
A:错误
B:正确
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Under franchising, in order to gain access to useful information about the local market, the franchiser has to take high risks.
A:错误
B:正确
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WTO and GATT are totally the same except for their names.
A:错误
B:正确
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Favourable investment policies practiced by China such as tax reduction are important incentive for FDI by foreign enterprises.
A:错误
B:正确
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“Letter of credit” is often shortened as L/C or L.C. and is sometimes referred to as “banker＇s commercial letter of credit”, “banker＇s credit”, “commercial credit” or simply “credit”.
A:错误
B:正确
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In 1971, the US Administration announced severing link between the dollar and gold, signifying the collapse of the Bretton Woods system.
A:错误
B:正确
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A confirmed credit is able to provide the greatest degree of security, but also involves additional cost.
A:错误
B:正确
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The World Bank and the World Trade Organization were created by the Bretton Woods Conference.
A:错误
B:正确
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MIGA encourages equity investment and other direct investment flows to developing countries through the mitigation of noncommercial investment barriers.
A:错误
B:正确
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After fifteen long years of hard negotiations, China became a formal member of the World Trade Organization on Dec. 11, 2002.
A:错误
B:正确
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Draft is a conditional order to a bank or a customer to pay a sum of money to someone on demand or at a fixed time.
A:错误
B:正确
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