1) Which statement is NOT correct for a characterof remittance?.A) High riskB Bank CreditC Simple processD)Imbalance of cash burden2) Which party will an export contact for amendingif the exporter found any mistake after his examinga letter of credit ?A conforming bankB advising bankC The issuing bankd)lmporter3) Under which term will an importer pay less costof delivery?a)CFR/CIF Ex Ship's Holdb)CFR/CIF Landedc)CFR/CIF Liner TermsD)CFR/CIF Ex Tackle4) Under which term will an importer pay less costof delivery?A)CFR/CIF Ex Ship's HoldB)CFR/CIF LandedC)CFR/CIF Liner TermsD)CFR/CIF Ex Tackle5) As an exporter in China, you got an offer from animporter from USA. Which of following pricequotation is not correct in the offer?A USD 100 metric tons FOB ShanghaiB USD 100 metric pairs CIF New YorkUSD 100 metric tons CFR ShanghaiD USD 100 metric tons CPT New York

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Answered: 1) Which statement is NOT correct for a…

1) Which statement is NOT correct for a character of remittance?. A) High risk B Bank Credit C Simple process D)Imbalance of cash burden

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1) Which statement is NOT correct for a character
of remittance?.
A) High risk
B Bank Credit
C Simple process
D)Imbalance of cash burden
2) Which party will an export contact for amending
if the exporter found any mistake after his examing
a letter of credit ?
A conforming bank
B advising bank
C The issuing bank
d)lmporter
3) Under which term will an importer pay less cost
of delivery?
a)CFR/CIF Ex Ship's Hold
b)CFR/CIF Landed
c)CFR/CIF Liner Terms
D)CFR/CIF Ex Tackle
4) Under which term will an importer pay less cost
of delivery?
A)
CFR/CIF Ex Ship's Hold
B)
CFR/CIF Landed
C)
CFR/CIF Liner Terms
D)CFR/CIF Ex Tackle
5) As an exporter in China, you got an offer from an
importer from USA. Which of following price
quotation is not correct in the offer?
A USD 100 metric tons FOB Shanghai
B USD 100 metric pairs CIF New York
USD 100 metric tons CFR Shanghai
D USD 100 metric tons CPT New York

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