Among the following options, which check offers more guarantees?

Crossed, conformed and nominative check

Our customer in Cairo paid us with a check. How long will it be valid?

60 days because it was issued outside of Europe

A promissory note is:

It is a promise to pay on a certain date.

Banks offers two methods to cash foreign checks: negotiation or collection management.

If I choose negotiation, I get the money immediately, but with a discount

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Personal check - bank check

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Shight payment in international trade. Medios de pago internacionales - GSCI

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Questions 11

Answers

1
Among the following options, which check offers more guarantees?
Crossed, conformed and nominative check
Order check
Bearer and conformed check
Bearer and crossed check
2
A bank may reject the cheque presented for collection if:
It has been manipulated.
It is deteriorate.
It presents formal defects.
All are correct
3
Banks offers two methods to cash foreign checks: negotiation or collection management.
True
False
4
In a personal check, who is the drawer?
The person who issues it.
The bank that sends it.
The bank or the person who transports it.
The bank that collects the money.
5
Our customer in Cairo paid us with a check. How long will it be valid?
60 days because it was issued outside of Europe
Just 15 days
90 days because it was issued outside of Europe
20 days if it is issued in Europe
6
A promissory note is:
It is a contract frequently used in international trade
It is a necessary document to go through customs
It is a promise to pay on a certain date.
It is a contract never used in international trade
7
I'm in a business meeting and my customer issues a check as payment in advance. Which would be the best?
A crossed bank check
A bank and bearer check
A crossed nominative check
A bearer check
8
A bearer check can be cashed by the holder, who shows it at the bank.
False
True
9
Banks offers two methods to cash foreign checks: negotiation or collection management.
If I choose negotiation, I get the money immediately, but with a discount
If I choose negotiation, I get the total amount of money immediately
If I choose collecton management, I get the money immediately
All are correct
10
In a bank check, who is the drawer?
The importer's bank
The exporter
The exporter's bank
The importer
11
The check, as an international means of payment, is it normally used?
Yes, but only in the European Union
Yes, of course
Only if it is issued in euros
No, nobody accepts them

Personal check - bank check Flashcards | StudBud