Chapter 1 Quiz
1、单选题：
Development of international settlement does not include ( ).
选项：
A: from Barter to cash
B: from cash to non-cash
C: from indirect settlement to direct settlement
D: from payment on delivery to payment against document
答案: 【 from indirect settlement to direct settlement】
2、单选题：
Main topics of International Settlement include the following, except ( ).
选项：
A: Means of Payment
B: Documents
C: Settlement Methods
D: Risk Management
答案: 【 Risk Management 】
3、判断题：
The Correspondent Bank is an independent foreign bank.
选项：
A: 正确
B: 错误
答案: 【 正确】
Chapter 2 Negotiable Instruments
Chapter 2 Quiz
1、单选题：
If the payee is ( ), the Bill can not be endorsed.
选项：
A: Indicative Order
B: Restrictive Order
C: Bearer Order
D: Open Order
答案: 【 Restrictive Order】
2、单选题：
Which of the following is NOT a payment order?
选项：
A: Bill of Exchange
B: Draft
C: Cheque
D: Promissory Note
答案: 【 Promissory Note】
3、判断题：
"Presentation" means when the creditor exercises its right (i.e. asks the Drawee for acceptance or payment), there is no need to explain the reason.
选
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