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
18
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hence in part the term "exchange rate", which was maintained even though other methods of payment have largely superseded the bill of exchange.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:https://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
[originaltext]DoyoumindifIreadthemagazineonthecoffeetable?[/original
Hisfailuretoobservethesafetyregulationsresultedinanaccidenttothemac
Forthispart,youareallowed30minutestowriteanessaycommentingonthe
用已知A型血与待测者血做交叉配血,若主反应凝集,次反应不凝集,待测者血型可能为A
患者,男性,45岁,因"上消化道出血"入院,其出血部位可能位于A.回肠 B.空
衣原体与病毒的不同点是A.可用鸡胚接种进行培养B.可通过细菌滤器C.专性细胞内寄
信用风险存在于( )。A.贷款 B.债券投资 C.信用担保 D.贷款承诺
股指期货当存在期价低估时,交易者可反向套利。( )
某股份有限公司股东王某持有公司20%股权,其在公司召开半年度工作总结会后,于20
燃气管道的防腐识别漆颜色是()A、黄色 B、绿色 C、蓝色 D、白色
最新回复
(
0
)