In the simplest form of international
trade, the open-account basis, banks actually have only a simple transactions
role. In the open-account basis, the importer and exporter are well known to
each other and probably have established a successful working relationship. The
importer orders goods and promptly pays for them when the goods and title
thereto are received. Almost as simple is the foreign collection basis, in which
a bank is used to transmit collected funds. Before the goods it has bought can
be shipped, the importer must place funds with its bank so that the exporter is
assured that payment will be made with collected funds. In this instance, the
bank is merely an agent and not a lender.
单选题
In open-account basis the importer and exporter have established a successful working relationship.
【正确答案】
A
【答案解析】第二句指出In the open-account basis, the importer and exporter...probably have established a successful working relationship，open-account往来账户。
单选题
In foreign collection basis the importer and exporter trade upon their reputation.
【正确答案】
B
【答案解析】..so that the exporter is assured that payment will be made with collected funds，说明在国外托收方式下，出口商的货款回收以托收款为保证，早在出口商发货之前，托收款就已经存入进口方银行，因此并非如题中所说“以各自信用保证为基础进行的贸易”。
单选题
The exporter has gotten the funds before he ships the goods in foreign collection.
【正确答案】
B
【答案解析】倒数第二句是说Before the goods it has bought can be shipped, the importer must place funds with its bank，而不像题中所说的“出口商在发出货物之前，就已经拿到了托收款”。