Test 6
Test Six
I.Choose the best answer.
1.The Yen _______ yesterday, falling from $114 to $115 against the dollar.
A)boomed B) gained C) loosened D) weakened
2.New unemployment data _____ the dollar yesterday, causing it to rise against the
Euro.
A)boosted B) gained C) slide D) dropped
3.The person who will receive a payment is called the ______.
A)drawer B) drawee C) beneficiary D) debtor
4._____ analysis reduces the cost of mass-produced goods.
A)Value B) Payment C) Mature D) Invoice
5.Once an international payment has been transmitted, it may be difficult to get a
____.
A)return B) refund C) recovery D) remittance
6.The bank’s charges are quoted in the booklet: “international ____ for personal
customers”.
A)payment B) prices C) tariffs D) expenses
7.After dispatching the goods, the exporter _____ the documents to his bank.
A)sends B) collects C) issues D) presents
8.The exporter’s bank will _______ the collected documents to the importer’s bank.
A)signature B) forward C) remits D) defers
9.The exporter didn’t receive payment for his goods because the buyer ______.
A)defaulted B) deferred C) declined D) denied
10.The document which shows details of goods being transported and which entitles
the receiver to collect the goods is called a ______.
A)bill of exchange B) document of title
C) bill of lading D) declaration
11.A bill of exchange becomes payable upon ______.
A)remittance B) acceptance C) dispatch D) maturity
12.After the war, the country’s tourist industry _______ badly.
A)suffered B) bottomed out C) recover D) regained
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