单选题 ( ) is the fastest and safest way to transfer fund.

A、 M/T
B、 D/D
C、 Cash
D、 T/T
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单选题 ( ) is done when the payee has signed his name on the back of the bill with or without additional words conveying instructions or qualifying liability.

A、to draw
B、presentation
C、acceptance& payment
D、endorsement

单选题 There are three kinds of ways to fill up the payee of a draft, ( ) is not transferable

A、Restrictive payee
B、To holder
C、To order
D、To bearer

单选题 ( ) type of a draft requires endorsement when transferable.

A、Restrictive payee
B、To holder
C、To order
D、To bearer

单选题 ( ) is the written signification by the drawee of his assent to the order of the drawer.

A、to draw
B、presentation
C、acceptance
D、endorsement

单选题 ( ) is a written order to a bank to pay a certain sum of money from one's bank account to another person.

A、bill of exchange
B、promissory note
C、cheque (check)
D、draft

单选题 The payer of promissory note is the ( ).

A、drawer
B、drawee
C、payee
D、creditor

单选题 In the transfer of the bill of exchange, if the bill of exchange is accompanied by shipping documents, it is a ( ).

A、clean bill
B、documentary bill
C、Sight Draft
D、Usance Bill or Time Bill

单选题 The fixed or determinable future time may be a certain number of days after acceptance, "见票后60天付款" is ( ):

A、At 60 days after date of this draft
B、at fixed date in the future
C、At 60 days after sight
D、At 60 days after date of B/L