• 2022-06-06
    Which of the following statements about the bank credit is wrong?
    A: Bank credit is always regard as indirect credit.
    B: Bank credit is always regarded as short-term credit.
    C: Bank credit is always direct credit.
    D: Bank credit is always long-term credit.
  • A

    内容

    • 0

      The ( ) refers to the bank that is responsible for payment of the proceeds under a letter of credit if the terms and condition of the credit are complied with. A: advising bank B: negotiating bank C: issuing bank D: commerce bank

    • 1

      Remittance and collection belong to commercial credit, and letter of credit belongs to banker’s credit.

    • 2

      Karen is notified by her credit card company that the credit limit on her credit card has just been increased to $10,000. This is one example of a change related to A: incidental credit. B: closed-end credit. C: a line of credit. D: installment sales credit. E: overdraft protection.

    • 3

      As long as the documents presented by the beneficiary are in complete compliance with the terms and conditions of the credit, the issuing bank or the bank nominated by the credit shall fulfill the undertaking to pay, accept or negotiate.( )

    • 4

      Which method of payment is likely to be the least expensive in the long run? A: bank credit card B: check written on a home equity line of credit C: cash D: store credit card E: cash advance on a Visa credit card