首页
登录
职称英语
What determines the rate of exchange between currencies will be examined lat
What determines the rate of exchange between currencies will be examined lat
游客
2025-06-20
23
管理
问题
What determines the rate of exchange between currencies will be examined later in this book let, but first it is useful to consider the mechanics of international transactions. To enable a UK importer to pay his American supplier, for example, the facilities of two or more banks are used, firstly in handling the often complex documentation and secondly, through the foreign exchange market, in obtaining the currency required. At one time payments to and from other countries were made by bills of exchange; hence in part the term "exchange rate", which was maintained even though other methods of payment have largely superseded the bill of exchange. The British importer will probably need to pay his American supplier in dollars and his British bank can offer him several alternative methods of settlement. It can provide him with a banker’s draft drawn in dollars. The bank is able to do this because it will have an account with another bank ( called a correspondent bank) in an American city and it simply issues a dollar cheque or draft drawn on that account. The British importer can then send this draft by airmail to the supplier. Since there is a danger that the draft may be lost or fall into the wrong hands, the safer and more normal method would be for the British bank to arrange for payment by mail transfer. Instructions are sent by airmail to the correspondent bank in the US to pay on behalf of its customer the required sum to the named recipient from the British bank’s dollar account. This mail transfer system is very flexible since the instructions for payment can he varied or elaborated to suit practically every kind of requirement. [br] Why is the British bank able to offer its customer a banker’s draft drawn in dollar?
选项
A、Its US correspondent bank prefers to make the payment.
B、It will send dollar in cash by airmail.
C、It has a dollar account with another bank in an American city where the beneficiary lives.
D、Its customer has a dollar account with it.
答案
C
解析
文中提到The bank is able to do this because…a dollar cheque or draft drawn on that account.是因为英国的银行在美国有往来银行。
转载请注明原文地址:http://tihaiku.com/zcyy/4126276.html
相关试题推荐
Foreignexchangeincludesvariousmeansofpaymentsandassetsdenominatedina
Besidesacurrentorspotpriceforcurrencies(ormonies)andspotmarkets,
Settlement,ingeneral,isthestrikingofabalancebetweentwoormoreparties
Inordertoimproveforeignexchangeadministrationandmaintainstrongbalance
Inorderto(56)foreignexchangeadministration,maintainstrongbalance
Inorderto(56)foreignexchangeadministration,maintainstrongbalance
Inorderto(56)foreignexchangeadministration,maintainstrongbalance
InLondon,apremiumonaforeignexchangeratemeans______.A、theforeigncurre
Financialinstitutionsundertakingforeignexchangeoperationsshouldsubmitto
Whatdeterminestherateofexchangebetweencurrencieswillbeexaminedlat
随机试题
Inthecaseofmobilephones,changeiseverything.Recentresearchindicate
WhenMomandDadGrowOldTheprospectoftalkingto
下列关于房屋建筑施工图的图示特点和制图有关规定的说法中,错误的是()。A.由于房
基金从业资格的科目包括( )。 Ⅰ.《基金法律法规、职业道德与业务规范》
安装在阻燃场所的计算机检测和控制装置,其仪表电缆通常采用()。A、YVV B
聚异丁烯A.控释膜材料B.骨架材料C.压敏胶D.背衬材料^E.药库材料下列材料分
以下内容不属于带电检测异常分析报告的是()(A)检测标准(B)检测日期
海明威的小说()获得了1954年诺贝尔文学奖。 A.《老人与海》B.《
某工程合同总收入8000万元,本期末止累计完成工程进度80%,上年完成工程进度
于砌体工程质量验收的说法,正确的有()。A.施工现场砌块应按品种、规格堆放
最新回复
(
0
)