11.The collecting bank may release the documents against the buyer’s acceptance of a( ) draft on documents against acceptance basis.
A.usance
B.sight
C.bank
D.commercial
12.The following are the basic functions of a bill of lading except acting as( ).
A.a receipt for the goods from the shipping company to the exporter
B.a certificate of origin, which certifies that the goods were produced in a particular country
C.a document of title to goods being shipped overseas
D.a quasi-negotiable document
13.“Financial documents” means bills of exchange, promissory notes, ( )or other similar instruments used for obtaining the payment of money.
A.invoices
B.deposit receipts
C.checks
D.bills of lading
14.A bank, acting on instructions from the( ), issues L/C.
A.exporter
B.importer
C.seller
D.consignor
15.Credit operations of all parties concerned deal with( ).
A.goods
B.goods and documents
C.documents
D.L/C
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