| 1 |
Letter of credit state a limit of. |
- A. Credit
- B. Time period
- C. Bank
- D. None of these
|
| 2 |
Which party to L.C. is called beneficiary. |
- A. Import
- B. Export
- C. Advising bank
- D. Opening bank
|
| 3 |
Features of I.O.U. are |
- A. Written form
- B. Evidence of debt
- C. Fixed amount
- D. All of these
|
| 4 |
If the demand of any country's currency increases then rate of exchange becomes |
- A. Favorable
- B. Unfavorable
- C. Both a and b
- D. None of these
|
| 5 |
Non geogibale credit instruemnt are. |
- A. Letter of credit
- B. I.O.U
- C. Money order
- D. All of these
|
| 6 |
Stock certificates are issued by. |
- A. Cental bank
- B. Stock market
- C. Limite Company
- D. Partnership
|
| 7 |
The change in demand and supply of foreign currency effects |
- A. Exchange rate
- B. Traveller's L.C
- C. Letter of credit
- D. None of these
|
| 8 |
Letter of credit is opened by. |
- A. Importer 's bank
- B. Exporter's bank
- C. Wholse seller
- D. None of these
|
| 9 |
Generally, the instruments which are used in foreign receipts and payments called |
- A. Exchange rate
- B. Foreign exchange
- C. Letter of credit
- D. All of the above
|
| 10 |
The more increase in exchange rate for a country under gold standard is called |
- A. Lower specie point
- B. Middle specie point
- C. Upper specie point
- D. None of the above
|
