A．The issuing bank will charge a fee for giving a standby credit letter.B．The issuing

nk to get reimbursed.

(2)

A．The issuing bank will send the bill of lading and the L/C to the advising bank.

B．The issuing bank will notify the advising bank of the bill of lading and the L/C

C．The advising bank will reimburse the bill of lading and the L/C

D．The issuing bank will reimburse the bill of lading and the L/C

ns the letter of credit on behalf of the importer.

(10)

A．The issuing bank of an L/C is a bank in the exporter's country.

B．The issuing bank establishes an L/C in favor of the exporter.

C．The issuing bank of an L/C is a bank in the importer's country.

D．The bank that opens the letter of credit on behalf of the importer is the advising bank.

A．A.indorsed check

B．B.ordinary check

C．C.blank check

D．D.cashier's check

he charges are for the account of another party，it is the responsibility of the Issuing Bankto so indicate in the original credit and in the reimbursement authorization．In cases where theReimbursing Bank’s charge are for the account of another party，they shall be collected from theClaiming Bank when the credit is drawn under．In cases where the credit is not drawn under，theReimbursing Bank’s Charges remain the obligation of the Issuing Bank．

In which case will the bank charge a fee？

A．If the balance is below five hundred dollars.

B．If the interest rate varies.

C．If the customers open a new account.

D．If the customers want to check their account.

短文理解

听力原文： A standby credit letter (SCL) is a contingent obligation of the letter's issuer. The issuing bank agrees to guarantee the credit of its customer or to guarantee the fulfillment of a contract made by its customer with a third party. The issuing bank earns a fee from providing the service of SCL. In general, the fee is relatively low and usually around 0.5 percent to 1 percent of the amount of credit involved due to the following reasons. On the one hand, the issuing bank may have previously analyzed the financial condition of its standby credit customer, and the probability is low that the issuer of the credit guarantee will ever be called upon to pay. On the other hand, the issuing banks carry zero reserve requirements and avoid the booking of additional assets, which would also require each bank to acquire more capital.

21. Is SCL same as revocable letter of credit according to the passage？

22.What will the issuing bank do for a standby credit letter？

23.Why is the service fee of SCL relatively low？

(21)

A．almost the same one

B．rather different

C．a little different

D．doesn't mention

pay the loan by presenting documents？

A．The Australian bank will have had the right to demand repayment, with interest, from the Issuing Bank.

B．The Australian bank would have been entitled to demand repayment, with interest, from the Issuing Bank.

C．The Australian bank would have had the right to demand repayment, with interest, from the Issuing Bank.

D．The Australian bank would be entitled to demand repayment, with interest, from the Issuing Bank.

In Reimbursement Authorization, the issuing bank should not have the following requirements:

A. Certificate of compliance

B. Parties responsible for charge

C. Sight draft (s)

D. Time draft (s)

(1)( )A, B only (2)( )A, C only

(3)( )B, D only (4)( )C, D only