Started on Monday, 12 December 2022, 10:52 AM

State Finished
Completed on Monday, 12 December 2022, 10:55 AM
Time taken 3 mins 2 secs
Marks 49.00/50.00
Grade 9.80 out of 10.00 (98%)
Question 1
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The valley was _______by a glacier many millions of years ago

Select one:
a. started up
b. start up
c. formed
d. set up
Feedback

The correct answer is: formed

Question 2
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The form also request the same ______ those found on a personal account opening form
but with many additional items.

Select one:
a. details in
b. details of
c. details as
d. details at
Feedback

The correct answer is: details as

Question 3
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Before deciding to market a new product manufacturers get as much information as they
can about customer needs as possible

Select one:
a. look as much
b. find out as much
c. devide as much
d. all are wrong
Feedback

The correct answer is: find out as much

Question 4
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Privatisation means the transfer of assets from state _______to private

Select one:
a. ownership
b. ownershipping
c. ownershiped
d. ownerships
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The correct answer is: ownership

Question 5
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He ______to go into the army and was sent to prison.

Select one:
a. rerfuse
b. rerfused
c. rerfusing
d. refuses
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The correct answer is: rerfused

Question 6
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I would be interested_____ hear more about the offer

Select one:
a. with
b. at
c. to
d. in
Feedback

The correct answer is: to

Question 7
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 Flag question

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The formation can affect_________ or the writing of cheques

Select one:
a. borrowing
b. borrowed
c. to borrow
d. the borrowing
Feedback

The correct answer is: borrowing

Question 8
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What is the primary source of income for banks?

Select one:
a. Loans
b. Deposits
c. Fees
d. FDIC
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The correct answer is: Loans

Question 9
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 Flag question

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If the business has_____form such as a limited company

Select one:
a. some legal
b. been
c. the right
d. made
Feedback

The correct answer is: some legal

Question 10
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It is the information on the account opening form that helps banks to sell further services
to customer_______

Select one:
a. after
b. later on
c. later
d. more things
Feedback

The correct answer is: later on

Question 11
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 Flag question

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What we do next will be determined by the results of our market research.

Select one:
a. look for
b. confirm in
c. finding
d. depends on
Feedback

The correct answer is: depends on

Question 12
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He bought the wine for the party______

Select one:
a. With credit
b. By credit
c. On credit
d. In credit
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The correct answer is: On credit

Question 13
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This information is given ______ customers only if they wish

Select one:
a. for
b. by
c. up
d. on
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The correct answer is: by

Question 14
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Clearly, a business was formed to ______certain activities

Select one:
a. carry on
b. carry in
c. carry with
d. carry at
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The correct answer is: carry on

Question 15
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 Flag question

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They ask _______the personal assets, liabilities of the directors ,the names ,addresses of
their accountants and solicitors.

Select one:
a. for details at
b. for details in
c. for details off
d. for details of
Feedback

The correct answer is: for details of

Question 16
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At the Evening Institute several ________are available-literary clubs, indoor sports, cookery
and art classes, for example

Select one:
a. activitivity
b. action
c. Activitiing
d. activities
Feedback

The correct answer is: activities

Question 17
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 Flag question

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Companies often find the best way to expand in a foreign market is to organize a
subsidiary in the target country

Select one:
a. to suport
b. to find out
c. to carry
d. to set up
Feedback

The correct answer is: to set up

Question 18
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Banks try to collect as ___________ information about the owners of the company as
possible.

Select one:
a. Much
b. Heavy
c. Many
d. Less
Feedback

The correct answer is: Much

Question 19
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 Flag question

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All this information is ____ for the bank

Select one:
a. useful
b. used
c. All are right
d. using
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The correct answer is: useful

Question 20
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In 1959 he crossed the border without any travel ______

Select one:
a. map
b. All are right
c. documents
d. somethings
Feedback

The correct answer is: documents

Question 21
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 Flag question

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_____his mortgage, he had no debts.

Select one:
a. Apart on
b. Apart from
c. Apart in
d. Apart with
Feedback

The correct answer is: Apart from

Question 22
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In case there is some _______ on the drawing of the cheques

Select one:
a. restricted
b. restricting
c. restriction
d. restrict
Feedback

The correct answer is: restriction

Question 23
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 Flag question

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They want to find ______________what services the customers need.

Select one:
a. On
b. Of
c. Out
d. Up
Feedback

The correct answer is: Out

Question 24
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The bank did not carry _____ my instructions.

Select one:
a. in
b. of
c. on
d. out
Feedback

The correct answer is: out

Question 25
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 Flag question

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Whole sections of the account _______ form ask for details of the assets of the owners of
the business...

Select one:
a. checked
b. checking
c. opened
d. opening
Feedback

The correct answer is: opening

Question 26
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There are ___________on carrying guns on aeroplanes

Select one:
a. restrict
b. restrictions
c. restricting
d. restricted
Feedback

The correct answer is: restrictions

Question 27
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 Flag question

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I would be interested ______ hearing more about the offer

Select one:
a. in
b. with
c. at
d. on
Feedback

The correct answer is: in

Question 28
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The bank needs to have documents to show how it was_______

Select one:
a. set up
b. started up
c. formed
d. All are right
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The correct answer is: All are right

Question 29
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 Flag question

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Banks need information _____ limited companies were formed

Select one:
a. on thing
b. on how thing
c. on thing
d. on how
Feedback

The correct answer is: on how

Question 30
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In 1989 many people took the ________to visit foreign countries they could not visit
before.

Select one:
a. Chanced
b. chance
c. opportunity
d. chasing
Feedback

The correct answer is: opportunity

Question 31
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 Flag question

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On the National Bank of Manara company account opening form the customers are______
whether they are sole traders, partnerships or limited companies

Select one:
a. asked writing
b. asked to writting
c. asking to write
d. asked to write
Feedback

The correct answer is: asked to write

Question 32
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The bank is interested ______ kind of business it is

Select one:
a. in what
b. in thing
c. in how
d. in some
Feedback

The correct answer is: in what

Question 33
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 Flag question

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On the other hand some banks do try to collect ______ information about the owners of
the business as possible at the account opening stage

Select one:
a. on thing
b. as much
c. on how
d. more
Feedback

The correct answer is: as much

Question 34
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There are important taxes on ……………….goods

Select one:
a. thing
b. certain
c. consumer
d. what
Feedback

The correct answer is: certain

Question 35
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 Flag question

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They do not want details _____ how non-limited companies

Select one:
a. at
b. with
c. of
d. in
Feedback

The correct answer is: of

Question 36
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There may be many people _______ in the business

Select one:
a. work
b. working
c. worked
d. works
Feedback

The correct answer is: working

Question 37
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 Flag question

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Sometimes the company may want _____ signatures on each cheque.

Select one:
a. two
b. All are right
c. one
d. three
Feedback

The correct answer is: two

Question 38
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Which of the following best describes bank systems?

Select one:
a. Unregulated and safe
b. Regulated and safe
c. Unregulated and unsafe
d. Regulated and unsafe
Feedback

The correct answer is: Regulated and safe

Question 39
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 Flag question

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Although the hospital was attacked doctors continued to work

Select one:
a. carried on working
b. carried at working
c. carried on doing
d. carried in working
Feedback

The correct answer is: carried on working

Question 40
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Who __________ to sign cheques.

Select one:
a. do the right
b. are the right
c. has the right
d. is right
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The correct answer is: has the right

Question 41
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 Flag question

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when a film opens a business account, many banks use________ to collect information
about the customer

Select one:
a. somethings
b. the opportunity
c. others
d. more informations
Feedback

The correct answer is: the opportunity

Question 42
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They ask prospective account holders to say why they_______ the National Bank of
Manara

Select one:
a. went to
b. declare to
c. came to
d. get to
Feedback

The correct answer is: came to

Question 43
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 Flag question

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The document sets ______ the details of the agreement

Select one:
a. in
b. of
c. on
d. out
Feedback

The correct answer is: out

Question 44
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The bank uses the account opening form_______ market research

Select one:
a. to study
b. to get
c. to make
d. to do
Feedback

The correct answer is: to do

Question 45
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 Flag question

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Naturally there are many services________ those offered to personal customers that can be
offered to businesses

Select one:
a. addition to
b. in addition
c. addition to
d. in addition to
Feedback

The correct answer is: in addition to

Question 46
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____________ a sole trader, there is no formality but the bank might want a reference

Select one or more:

a. on the case of
b. in the case of
c. at the case of
d. the case in

Question 47
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The bank refused to........... the money order because the customer had no proof of
identity.

Select one:
a. Enter
b. Receive
c. Accept
d. Take
Feedback

The correct answer is: Receive

Question 48
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They carried ______ sending my statement to the wrong address

Select one:
a. of
b. in
c. on
d. at
Feedback

The correct answer is: on

Question 49
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How long have they been ____ business?

Select one:
a. on
b. in
c. with
d. at
Feedback

The correct answer is: in

Question 50
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It is supplied ____ a completely voluntary basis by customers

Select one:
a. by
b. on
c. with
d. in
Feedback

The correct answer is: on

Started on Monday, 12 December 2022, 10:48 AM

State Finished
Completed on Monday, 12 December 2022, 10:52 AM
Time taken 3 mins 36 secs
Marks 59.00/60.00
Grade 9.83 out of 10.00 (98%)
Question 1
Correct
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________his mortgage, he had no debts.

Select one:
a. apart in
b. apart with
c. apart at
d. apart from
Feedback

The correct answer is: apart from

Question 2
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A document sent by suppliers describing the goods or services and saying how much
money is owed is called a/an _______________.

Select one:
a. Coupon
b. Leaflet
c. Voucher
d. Invoice
Feedback

The correct answer is: Invoice

Question 3
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Several ______went bankrupt last year.

Select one:
a. Competitors
b. Soldiers
c. Businessmen
d. Dents
Feedback

The correct answer is: Soldiers

Question 4
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The train _________ between the main cities is fast.

Select one:
a. Service
b. Station
c. Journey
d. Routine
Feedback

The correct answer is: Journey

Question 5
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Every business needs to ______ sales.

Select one:
a. Make
b. Create
c. To
d. Get
Feedback

The correct answer is: Make

Question 6
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____________ means the financial position and reputation of a person or a company.

Select one:
a. Credit status
b. Poor risk
c. Reputation
d. Credit-worthiness
Feedback

The correct answer is: Credit status

Question 7
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There needs to be some way ____avoiding late payers.

Select one:
a. of
b. to
c. for
d. in
Feedback

The correct answer is: of

Question 8
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It many seem a long way into the future but in the end you will get some...........from your
investment.

Select one:
a. Benefit
b. Price
c. Products
d. Produce
Feedback

The correct answer is: Benefit

Question 9
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The factors make money by getting the full value of the invoices from ___________.

Select one:
a. ustomers
b. Directors
c. Shareholders
d. Investors
Feedback

The correct answer is: ustomers

Question 10
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 Flag question

Question text

The one big fear of all world economies is that of _________.

Select one:
a. Recession
b. Receding
c. Repression
d. Regression
Feedback

The correct answer is: Recession

Question 11
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If ever you find you have an unexpected expense, you can always…...... some money from
your savings.

Select one:
a. Withhold
b. Exit
c. Extract
d. Withdraw
Feedback

The correct answer is: Withdraw

Question 12
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 Flag question

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____________ means the quality of being trusted to pay a debt.

Select one:
a. Poor risk
b. Reputation
c. Credit status
d. Credit-worthiness
Feedback

The correct answer is: Credit-worthiness

Question 13
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Another older & deeper in _______

Select one:
a. debt
b. time
c. year
d. age
Feedback

The correct answer is: debt

Question 14
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 Flag question

Question text

The market is free of ____

Select one:
a. competition
b. battle
c. fighting
d. charge
Feedback

The correct answer is: competition

Question 15
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Banks are well equipped to _____these problems.

Select one:
a. Do
b. Handle
c. Take
d. Set
Feedback

The correct answer is: Handle

Question 16
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 Flag question

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They can ask their banks of a credit ________

Select one:
a. Service
b. Office
c. Bureau
d. House
Feedback

The correct answer is: Bureau

Question 17
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The Central Bank controlled inflation by imposing a _____ squeeze on the banking system.

Select one:
a. duty
b. tax
c. credit
d. money
Feedback

The correct answer is: credit

Question 18
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 Flag question

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Banks have to make ______ for bad debt.

Select one:
a. provision
b. credit
c. providing
d. use
Feedback

The correct answer is: provision

Question 19
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The company’s capital was………………unsold goods.

Select one:
a. tie up at
b. tie up on
c. tie up for
d. tie up in
Feedback

The correct answer is: tie up in

Question 20
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 Flag question

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A customer might pay a debt _____ the end of the month.

Select one:
a. to
b. at
c. on
d. in
Feedback

The correct answer is: at

Question 21
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This is expensive _____times of high interest rates.

Select one:
a. At
b. on
c. To
d. in
Feedback

The correct answer is: in

Question 22
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 Flag question

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She had ……. ……her money at all times of the day and night.

Select one:
a. access for
b. access to
c. access with
d. access in
Feedback

The correct answer is: access to

Question 23
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Most business rely_____ giving credit to their customers.

Select one:
a. For
b. in
c. on
d. at
Feedback

The correct answer is: on

Question 24
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 Flag question

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They decided to ___________us a month to pay.

Select one:
a. Force
b. Authorise
c. Extend
d. Allow
Feedback

The correct answer is: Allow

Question 25
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He failed to supply _____ and lost the order.

Select one:
a. at time
b. good time
c. on time
d. in time
Feedback

The correct answer is: on time

Question 26
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 Flag question

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He failed to_______on time & lost the order.

Select one:
a. lend
b. pay
c. supply
d. borrow
Feedback

The correct answer is: supply

Question 27
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We need money to ______production.

Select one:
a. Pay
b. Cash
c. Fund
d. Finance
Feedback

The correct answer is: Finance

Question 28
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 Flag question

Question text

The quality of being trusted to pay a debt.

Select one:
a. Credit data
b. Credit status
c. Creditworthiness
d. Creditworthiness data
Feedback

The correct answer is: Creditworthiness

Question 29
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The Central Bank tried to control inflation by imposing a credit squeeze on _______

Select one or more:

a. the customers
b. the banking system.
c. the companies
d. the vendors

Question 30
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They survive by paying their bills______

Select one:
a. early
b. in time
c. on time
d. late
Feedback

The correct answer is: late

Question 31
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These have access _______ data banks of information on large numbers of businesses.

Select one:
a. In
b. To
c. On
d. At
Feedback

The correct answer is: To

Question 32
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A whole industry exists to ______the problems of bad debts.

Select one:
a. take
b. fine
c. hande
d. do
Feedback

The correct answer is: hande

Question 33
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.............are people who put money into a business in the hope of making a profit.

Select one:
a. Borrowers
b. Spenders
c. Investors
d. Lenders
Feedback

The correct answer is: Spenders

Question 34
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________is a computer programme which stores bank information systematically.

Select one:
a. Database
b. Data bank
c. Accession
d. IT techniques
Feedback

The correct answer is: Data bank

Question 35
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He bought if for next to nothing in a______ \

Select one:
a. Transaction
b. Sale
c. Profit
d. Deal
Feedback

The correct answer is: Sale

Question 36
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For a company, factoring can save the expense of raising…….and collecting payment from
customers.

Select one:
a. Debt
b. Capital
c. Money
d. Invoices
Feedback

The correct answer is: Invoices

Question 37
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Suppliers _____credit to help sales.

Select one:
a. Pressent
b. Give
c. Provide
d. Supply
Feedback

The correct answer is: Provide

Question 38
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They used…… …….their political enemies left behind by the KGB.

Select one:
a. information in
b. information on
c. information at
d. information with
Feedback

The correct answer is: information on

Question 39
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 Flag question

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This gives rise _____ the problem of debt collection.

Select one:
a. with
b. over
c. to
d. for
Feedback

The correct answer is: to

Question 40
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There are many brands ______ to supply out needs in the home.

Select one:
a. Finding
b. Competing
c. Trying
d. Struggling
Feedback

The correct answer is: Competing

Question 41
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 Flag question

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____________is an office which supplies financial information about companies.

Select one:
a. Data bank
b. Accounting department
c. Data bureau
d. IT department
Feedback

The correct answer is: Data bureau

Question 42
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They specialize in _______ debts.

Select one:
a. Collecting
b. Repaying
c. Extracting
d. Getting
Feedback

The correct answer is: Collecting

Question 43
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 Flag question

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He bought the wine for the party_______

Select one:
a. At credit
b. On credit
c. In credit
d. with credit
Feedback

The correct answer is: On credit

Question 44
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There was such little demand for houses in the area that they were being sold………..

Select one:
a. in a discount.
b. for a discount
c. with a discount
d. at a discount
Feedback

The correct answer is: at a discount

Question 45
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 Flag question

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Factoring is a way of ___________ money from unpaid invoices.

Select one:
a. raising
b. Paying
c. Earning
d. Getting
Feedback

The correct answer is: raising

Question 46
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Customers failing to pay can ____ disaster for a business.

Select one:
a. mean
b. give
c. be
d. create
Feedback

The correct answer is: mean

Question 47
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 Flag question

Question text

Banks are equipped to_____ these problems.

Select one:
a. Handle
b. Take
c. Settle
d. Solve
Feedback

The correct answer is: Handle

Question 48
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They have to ______ extra staff.

Select one:
a. Employ
b. Invite
c. Find
d. Rent
Feedback

The correct answer is: Employ

Question 49
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

Banks have to _________ a provision for bad debts.

Select one:
a. Collect
b. Refuse
c. Make
d. Alert
Feedback

The correct answer is: Make

Question 50
Correct
Mark 1.00 out of 1.00

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Question text

You are never too young to start ..........some money in a savings account.

Select one:
a. Inputting
b. Interesting
c. Infusing
d. Investing
Feedback

The correct answer is: Investing

Question 51
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

It is harmful______the suppliers.

Select one:
a. to
b. on
c. in
d. at
Feedback

The correct answer is: to

Question 52
Correct
Mark 1.00 out of 1.00

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Question text

This is especially true in a (an)_________market.

Select one:
a. Free
b. Up
c. Open
d. Down
Feedback

The correct answer is: Free

Question 53
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

They will prefer to_______credit.

Select one:
a. Provide
b. b and c are correct
c. Give
d. Take
Feedback

The correct answer is: b and c are correct

Question 54
Correct
Mark 1.00 out of 1.00

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Question text

Do you think you can _______to come tonight?

Select one:
a. go
b. manage
c. fly
d. drive
Feedback

The correct answer is: manage

Question 55
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

For a company, _______ can save the expense of raising invoices and collecting payment
from customers.

Select one:
a. Investors
b. factoring
c. Directors
d. Shareholders
Feedback

The correct answer is: factoring

Question 56
Correct
Mark 1.00 out of 1.00

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Question text

The one big fear of all world economies is that of ........

Select one:
a. Recession
b. Regression
c. Receding
d. Repression
Feedback

The correct answer is: Recession

Question 57
Correct
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 Flag question

Question text

These business have to fight competiton to get___

Select one:
a. Sales
b. Money
c. Benefit
d. Profit
Feedback

The correct answer is: Sales

Question 58
Correct
Mark 1.00 out of 1.00

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Question text

The company which owed them money had gone out of business so it was impossible for
them to…..their………

Select one:
a. recover ____debted
b. recover, debt
c. recover, debts
d. recover, debting
Feedback

The correct answer is: recover, debts

Question 59
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

For many years the Soviet government supported heavy industry and neglected……….

Select one:
a. Consumer goods at
b. Consumer goods in
c. Consumer goods
d. Consumer goods for
Feedback

The correct answer is: Consumer goods

Question 60
Correct
Mark 1.00 out of 1.00

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Question text

For a company, factoring can save the expense of raising…………and collecting payment
from customers.

Select one:
a. b and c are right
b. Document
c. Receipts
d. Invoices
Feedback

The correct answers are: Invoices, b and c are right

Started on Monday, 12 December 2022, 10:43 AM

State Finished
Completed on Monday, 12 December 2022, 10:48 AM
Time taken 5 mins 1 sec
 Marks 60.00/60.00
Grade 10.00 out of 10.00 (100%)
Question 1
Correct
Mark 1.00 out of 1.00

Flag question

Question text

The advantage of forfaiting to the exporters is that they are_______ if the importers
default.

Select one:
a. responsible for
b. liable
c. not liable
d. important
Feedback

The correct answer is: not liable

Question 2
Correct
Mark 1.00 out of 1.00

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Question text

This method of getting payment is popular_______ it is very simple and cheap to operate.

Select one:
a. opposite
b. Because
c. although
d. because of
Feedback

The correct answer is: Because

Question 3
Correct
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Question text

Banker’s draft is easiest when the exporters' and importers’ banks have _________ with
each other and are correspondents.

Select one:
a. Accounts
b. Links
c. Relationships
d. Connections
Feedback

The correct answer is: Accounts

Question 4
Correct
Mark 1.00 out of 1.00

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Question text

The payment _______may be a banker’s draft which is, in effect, a cheque drawn by a bank
on itself.

Select one:
a. Its
b. Themselves
c. Yourself
d. Itself
Feedback

The correct answer is: Itself

Question 5
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

Marchands Generals et Cie, an Import house in Paris, is a company trades ________on its
own account.

Select one:
a. Local
b. Internationally
c. External
d. International
Feedback

The correct answer is: Internationally

Question 6
Correct
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Question text

The payment itself may be _________ which is, in effect, a cheque drawn by a bank on
itself.

Select one:
a. a banker's draft
b. telegraphic transfer
c. bank transfer
d. cash
Feedback

The correct answer is: a banker's draft

Question 7
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

These are notes, guaranteed ________a bank, promising to pay on agreed dates.

Select one:
a. Into
b. By
c. With
d. About
Feedback

The correct answer is: By

Question 8
Correct
Mark 1.00 out of 1.00

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Question text

The terms offered by each _________are different and the terms of trade for the three
countries vary.

Select one:
a. banker
b. shareholder
c. contractor
d. trading partner
Feedback

The correct answer is: trading partner

Question 9
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

In your meetings, _______should be prepared to explain the different methods of payment

and the advantages and disadvantages to the exporters and Importers.

Select one:
a. the shipper
b. the bank adviser
c. the respondent
d. the company
Feedback

The correct answer is: the bank adviser

Question 10
Correct
Mark 1.00 out of 1.00

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Question text

One of _______ is on a visit to China at present.

Select one:
a. our manager
b. our directors
c. directors
d. our director
Feedback

The correct answer is: our directors

Question 11
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

The bank offers free advice on export finance _______their customers.

Select one:
a. At
b. To
c. By
d. From
Feedback

The correct answer is: To

Question 12
Correct
Mark 1.00 out of 1.00

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Question text

We would suggest payment should be by a roll over _________ arrangement to allow for
monthly orders.

Select one:
a. Sign
b. Debit
c. Credit
d. Agree
Feedback

The correct answer is: Credit

Question 13
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

As you will _________ with an order this contract , we are making enquiries with other
construction engineering firm and will select the best deal we are offerred.

Select one:
a. Appreciate
b. Agree
c. Suggest
d. Know
Feedback

The correct answer is: Appreciate

Question 14
Correct
Mark 1.00 out of 1.00

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Question text

It needs _________ from its bank to decide how best to finance export deals in each case.

Select one:
a. Advice
b. Permission
c. Approval
d. Authorisation
Feedback

The correct answer is: Advice

Question 15
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

The disadvantage is that it may be _________ the importers.

Select one:
a. difficult to
b. difficult for
c. difficult with
d. difficult of
Feedback

The correct answer is: difficult for

Question 16
Correct
Mark 1.00 out of 1.00

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Question text

The payment is called up in the form of an ____note by the bank to the importer.

Select one:
a. Promise
b. Promising
c. Promises
d. Promissory
Feedback

The correct answer is: Promissory

Question 17
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

They have good banking connections ________Barcelona.

Select one:
a. In
b. On
c. By
d. To
Feedback

The correct answer is: In

Question 18
Correct
Mark 1.00 out of 1.00

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Question text

Methods of payment in international trade include forfaiting, open account, documentary

letter of credit, and _________.

Select one:
a. documentary collections
b. simulation
c. money
d. export finance
Feedback

The correct answer is: documentary collections

Question 19
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

We will _______quality, cost, delivery time and credit facilities when selecting the best deal.

Select one:
a. take account
b. take into account
c. took in to account
d. account
Feedback

The correct answer is: take into account

Question 20
Correct
Mark 1.00 out of 1.00

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Question text

If the bank has provided an advance , it should have a letter of hypothecation from the
customer which gives the bank the right to sell the goods if the importers default. It is
called:

Select one:
a. the promisory note
b. the shipping documents
c. the bill of exchange
d. bank’s draft
Feedback

The correct answer is: the shipping documents

Question 21
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

The forfaitist is _______

Select one:
a. the advance
b. promissory note
c. a cheque
d. the lending bank
Feedback

The correct answer is: the lending bank

Question 22
Correct
Mark 1.00 out of 1.00

Flag question

Question text

“The number of different kinds of item made by a company” means:

Select one:
a. product category
b. product group
c. product family
d. product range
Feedback

The correct answer is: product range

Question 23
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

In forfaiting, the advance is made to the _______.

Select one:
a. Bank
b. Trader
c. Importer
d. Exporter
Feedback

The correct answer is: Importer

Question 24
Correct
Mark 1.00 out of 1.00

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Question text

Shipping document is:

Select one:
a. Papers which prove that the exporters have shipped the goods
b. Documents against acceptance
c. Docments against payment
d. A sight draft
Feedback

The correct answer is: Papers which prove that the exporters have shipped the goods

Question 25
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

The advantage of forfaiting to the importers is that it maybe cheaper for them if interest
rate are _______ in their country than in the exporters’ country.

Select one:
a. higher
b. more reliable
c. lower
d. fast
Feedback

The correct answer is: lower

Question 26
Correct
Mark 1.00 out of 1.00

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Question text

We are a public company with _________quoted on the London Stock Exchange.

Select one:
a. Shares
b. Products
c. Customers
d. Accounts
Feedback

The correct answer is: Shares

Question 27
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

Machinery and equipment used for production is as the same as:

Select one:
a. capital
b. capital goods
c. capital city
d. capital hospital
Feedback

The correct answer is: capital goods

Question 28
Correct
Mark 1.00 out of 1.00

Flag question

Question text

The importer usually gives the forfaitist a series of avalised promissory notes _______by a
bank, promising to pay on agreed dates.

Select one:
a. Guarantee
b. Guaranteed
c. Pay
d. Guarantees
Feedback

The correct answer is: Guaranteed

Question 29
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

The importers find a bank to_________,if the draft bill of exchange is tenor.

Select one:
a. provide an advance
b. reject payment
c. accept payment
d. pay immediately
Feedback

The correct answer is: accept payment

Question 30
Correct
Mark 1.00 out of 1.00

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Question text

The advantages and _________ in a trading situation are expressed in terms of trade.

Select one:
a. Disadvantages
b. Indent
c. Special
d. Subsidiary
Feedback

The correct answer is: Disadvantages

Question 31
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

The importer usually _________ the forfaltist a series of availed promissory notes.

Select one:
a. Gives
b. Giving
c. to give
d. Given
Feedback

The correct answer is: Gives

Question 32
Correct
Mark 1.00 out of 1.00

Flag question

Question text

We request 90 days’ credit and the price should _______insurance and delivery to the
French border by rail freight.

Select one:
a. Approach
b. Minus
c. Debit
d. Include
Feedback

The correct answer is: Include

Question 33
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

We can give you an introduction _________ our subsidiary company in Brussels.

Select one:
a. For
b. In
c. To
d. At
Feedback

The correct answer is: To

Question 34
Correct
Mark 1.00 out of 1.00

Flag question

Question text

The ___________ makes central heating equipment, bathroom and kitchen fittings.

Select one:
a. builder's merchant of Reading
b. Import house
c. the construction company
d. plumbing equipement manufacturer
Feedback

The correct answer is: plumbing equipement manufacturer

Question 35
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

Zamec needs more information about these companies and ______for the future.

Select one:
a. Prospects
b. Outlook
c. Profits
d. Advantages
Feedback

The correct answer is: Prospects

Question 36
Correct
Mark 1.00 out of 1.00

Flag question

Question text

In caculating the price to the customer, you must _____things such as insurance and
freight.

Select one:
a. suggest
b. plan
c. discuss
d. allow for
Feedback

The correct answer is: allow for

Question 37
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

This is_________, so called because it issues the credit on behalf of the importer.

Select one:
a. the commercial bank
b. the state bank
c. the issuing bank
d. the seller’s bank
Feedback

The correct answer is: the issuing bank

Question 38
Correct
Mark 1.00 out of 1.00

Flag question

Question text

The importer has to provide _________ to the bank in the form of avalised promissory
notes.

Select one:
a. be secured
b. Securing
c. Security
d. Secure
Feedback

The correct answer is: Security

Question 39
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

The exporter is paid by the _________ when the machinery has been installed.

Select one:
a. Bank
b. House
c. City
d. Theater
Feedback

The correct answer is: Bank

Question 40
Correct
Mark 1.00 out of 1.00

Flag question

Question text

The issueing bank forwards ________ to the importers who can use them to obtain the
goods at the place where the goods enter their country (port, airport or border crossing).

Select one:
a. the promisory note
b. bank’s draft
c. the shipping documents
d. the bill of exchange
Feedback

The correct answer is: the shipping documents

Question 41
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

We are interested _______your products for possible introduction to the French market.

Select one:
a. For
b. In
c. Of
d. At
Feedback

The correct answer is: In

Question 42
Correct
Mark 1.00 out of 1.00

Flag question

Question text

We are one of the largest export/import houses in France and we have excellent _________
in the building materials trade.

Select one:
a. Product
b. Delivery
c. Connetions
d. Factor
Feedback

The correct answer is: Connetions

Question 43
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

They’re _________ insurance to be includes in the price.

Select one:
a. ask to
b. asking to
c. asking for
d. ask for
Feedback

The correct answer is: asking to

Question 44
Correct
Mark 1.00 out of 1.00

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Question text

The advantage ___this to the exporters is that they are not liable if the importers default.

Select one:
a. From
b. On
c. Off
d. Of
Feedback

The correct answer is: Of

Question 45
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

The terms offered by each trading partner are different and the terms of trade for the
three countries are _________.

Select one:
a. not the same
b. the same
c. Similar
d. indentical
Feedback

The correct answer is: not the same

Question 46
Correct
Mark 1.00 out of 1.00

Flag question

Question text

We decided that the Zamec range would complement products we are already_________.

Select one:
a. Sold
b. Selling
c. Sell
d. Buy
Feedback

The correct answer is: Selling

Question 47
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

_________ is the commonest method of payment for trade between countries.

Select one:
a. forfeiting
b. banker’s draft
c. documentary collections
d. documentary letter of credit
Feedback

The correct answer is: documentary letter of credit

Question 48
Correct
Mark 1.00 out of 1.00

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Question text

All three companies are making_________,but it may not be best to use the same method
of payment with all of them.

Select one:
a. interested offers
b. interesting price
c. interested price
d. interesting offers
Feedback

The correct answer is: interesting offers

Question 49
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

Documentary letter of credit is operated by the banks and _________ is transferred from
the buyer to the seller through the banking system.

Select one:
a. Cheque
b. Money
c. Currency
d. bank’s draft
Feedback

The correct answer is: Money

Question 50
Correct
Mark 1.00 out of 1.00

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Question text

By using Documentary collections the exporters have _________ over the goods until the
draft is paid or accepted.

Select one:
a. Control
b. all information
c. to take care
d. no control
Feedback

The correct answer is: Control

Question 51
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

They have good connections _________ ours sales staff.

Select one:
a. On
b. By
c. Among
d. In
Feedback

The correct answer is: Among

Question 52
Correct
Mark 1.00 out of 1.00

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Question text

The exporters ship the goods and send the shipping documents and draft Bill of
Exchange _________.

Select one:
a. to their bank
b. on their bank
c. from their bank
d. with their bank
Feedback

The correct answer is: to their bank

Question 53
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

The company needs _________ from its bank to decide how best to finance export deals in
each case.

Select one:
a. advice
b. credit arrangement
c. prospect
d. order
Feedback

The correct answer is: advice

Question 54
Correct
Mark 1.00 out of 1.00

Flag question

Question text

All three companies are making interesting offers, but it may not be best to use the same
method of ________with all of them.

Select one:
a. Terms
b. State
c. Payment
d. Refund
Feedback

The correct answer is: Payment

Question 55
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

The people in the meeting will discuss various methods _______payment.

Select one:
a. For
b. With
c. By
d. Of
Feedback

The correct answer is: Of

Question 56
Correct
Mark 1.00 out of 1.00

Flag question

Question text

Zamec Engineering Company (ZAMEC) is the _________ plumping equipment

manufacturer in Barakonia.

Select one:
a. Main
b. Secondary
c. Chief
d. Major
Feedback

The correct answer is: Main

Question 57
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

A retail shop which sells to builders and the construction industry is called _________.

Select one:
a. domestic
b. baking market
c. builder’s merchant
d. suppermarket
Feedback

The correct answer is: builder’s merchant

Question 58
Correct
Mark 1.00 out of 1.00

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Question text

_________ are the agreed points on which you do business.

Select one:
a. Connection
b. Brochures
c. Regulations
d. Terms
Feedback

The correct answer is: Terms

Question 59
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

The disadvantage is that it may _________ for the importers.

Select one:
a. be difficult
b. is difficult
c. been difficult
d. are difficult
Feedback

The correct answer is: be difficult

Question 60
Correct
Mark 1.00 out of 1.00

Flag question

Question text

“A representation of another company’s products in one area where no other agent for
the same products exist” means:

Select one:
a. retail store
b. sold trader
c. exclusive agency
d. representative
Feedback

The correct answer is: exclusive agency

Started on Monday, 12 December 2022, 10:39 AM

State Finished
Completed on Monday, 12 December 2022, 10:43 AM
Time taken 3 mins 54 secs
 Marks 50.00/50.00
Grade 10.00 out of 10.00 (100%)
Question 1
Correct
Mark 1.00 out of 1.00

Flag question

Question text

The formation can affect_________ or the writing of cheques.

Select one:
a. borrowing
b. Borrowed
c. to borrow
d. the borrowing
Feedback

The correct answer is: borrowing

Question 2
Correct
Mark 1.00 out of 1.00

Flag question

Question text

How many session are there on a full company accounting form?

Select one:
a. there are two the mandate, the schedule
b. there are three: instruction, the mandate, the schedule
c. there are two the mandate, the specimen signature of directors who are to sign
cheques
d. there are three: instruction, the certificate of incorporation, the schedule
Feedback

The correct answer is: there are three: instruction, the mandate, the schedule

Question 3
Correct
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Question text

Customers not paying their debts can ___________ disasters for a business.

Select one:
a. spell
b. mean
c. signify
d. produce
Feedback

The correct answer is: mean

Question 4
Correct
Mark 1.00 out of 1.00

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Question text

_________ means a document sent by suppliers to customers describing the goods or

services and saying how much money is owned.

Select one:
a. Series
b. Bill
c. An invoice
d. Code
Feedback

The correct answer is: An invoice

Question 5
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

This is expensive _____times of high interest rates.

Select one:
a. in
b. At
c. To
d. on
Feedback

The correct answer is: in

Question 6
Correct
Mark 1.00 out of 1.00

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Question text

Confidential invoice discounting is another service _________ large companies.

Select one:
a. provided for
b. Provide
c. provided that
d. providing for
Feedback

The correct answer is: provided for

Question 7
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

I could not receive my statement because they __________ to the wrong address.

Select one:
a. carried on to send
b. carried out sending
c. did not carried on sending
d. continued to send
Feedback

The correct answer is: continued to send

Question 8
Correct
Mark 1.00 out of 1.00

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Question text

A whole industry exists to ______the problems of bad debts.

Select one:
a. do
b. take
c. fine
d. hande
Feedback

The correct answer is: hande

Question 9
Correct
Mark 1.00 out of 1.00
 Flag question

Question text

When the factoring company buys invoices at its customer’s risk, it does this ___________

Select one:
a. without recourse
b. poor risk
c. with recourse
d. base rate
Feedback

The correct answer is: with recourse

Question 10
Correct
Mark 1.00 out of 1.00

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Question text

Full factoring is available _________.

Select one:
a. in four formed
b. in four forms
c. in four form
d. in four forming
Feedback

The correct answer is: in four forms

Question 11
Correct
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Question text

There needs to be some way ____avoiding late payers.

Select one:
a. in
b. of
c. for
d. to
Feedback

The correct answer is: of

Question 12
Correct
Mark 1.00 out of 1.00

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Question text

Customers failing to pay can ____ disaster for a business.

Select one:
a. create
b. mean
c. be
d. give
Feedback

The correct answer is: mean

Question 13
Correct
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Question text

What forms are divided into opening accounts?

Select one:
a. All are correct
b. A signed declaration by the owners.
c. Details of the business and Personal details of the owners.
d. Customer requirements
Feedback

The correct answer is: All are correct

Question 14
Correct
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Question text

Who __________ to sign cheques.

Select one:
a. is right
b. do the right
c. are the right
d. has the right
Feedback

The correct answer is: has the right

Question 15
Correct
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Question text

The factors make money by getting the full value of the invoices from __________

Select one:
a. Shareholders
b. Directors
c. investors
d. customers
Feedback

The correct answer is: customers

Question 16
Correct
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Question text

In the full company accounting form, a list of special transactions (money transfers) which
the company wants the bank to carry out, plus the names of those authorised to sign
cheques is:

Select one:
a. Specimen
b. Schedule
c. Introduction
d. Mandate
Feedback

The correct answer is: Schedule

Question 17
Correct
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Question text

These business have to fight competiton to get___

Select one:
a. Profit
b. Sales
c. Money
d. Benefit
Feedback
The correct answer is: Sales

Question 18
Correct
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Question text

Banks have to make a ___________ for bad debt.

Select one:
a. transaction
b. procedure
c. payment
d. provision
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The correct answer is: provision

Question 19
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The details of the agreement ________ in the documents.

Select one:
a. was set up
b. were set up
c. was set out
d. were set out
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The correct answer is: were set out

Question 20
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Why is it important for the bank to know what the business does?

Select one:
a. The bank needs to collect as much information about the owners of the business as
possible at the first opening account stage
b. The bank needs to sell further services to customers later on.
c. All are correct
d. The bank needs to have documents to show how it was set up.
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The correct answer is: All are correct

Question 21
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Who in the business decides to open an account?

Select one:
a. a company
b. an investor
c. an individual
d. an owner
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The correct answer is: a company

Question 22
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Buying invoices is another way of buying ____________

Select one:
a. Stocks
b. Debts
c. Bonds
d. Shares
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The correct answer is: Debts

Question 23
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The central bank tried to control inflation by imposing a _______squeeze on the banking
system.

Select one:
a. debit
b. credit
c. liabilitiy
d. debt
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The correct answer is: credit

Question 24
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A type of business that is liable for the debts of the business only to the extent of the
money put into it by the shareholders and where the shares can be bought in the public
market for shares.

Select one:
a. Private company
b. Sold trader
c. Limited company
d. Partnership
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The correct answer is: Limited company

Question 25
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This _______they buy the customer's invoices at their own risk, taking full responsibility for
collecting the debts.

Select one:
a. Meant
b. Means
c. Meaning
d. Mean
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The correct answer is: Means

Question 26
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Banks have to make _________ for bad debt.

Select one:
a. Payment
b. Provision
c. Fund
d. Protection
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The correct answer is: Provision

Question 27
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________ means an office which supplies financial information about companies.

________ means a computer programme which stores bank information systematically.

::Question33::Database
{
~Accession
~IT techques
=Data bank
~
}
_________ means a business which makes money by buying up other companies’ debts.
::Question34::
{
~A financial company
~A bank
~An accounting company
=A factor
}
Select one:
a. Accounting department
b. IT department
c. Data bank
d. Data bureau
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The correct answer is: Data bureau

Question 28
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Please give the ___________ number in any communication about this order.

Select one:
a. Bill
b. invoice
c. Series
d. code invoice
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The correct answer is: invoice

Question 29
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If the business is the account holder, who are the people responsible for it?

Select one:
a. The members of the board of directors and investors.
b. The members of the board of directors and shareholders.
c. All are correct.
d. The members of the board of directors.
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The correct answer is: The members of the board of directors.

Question 30
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The company account procedure includes:

Select one:
a. The company has to provide Certificate of Incorporation (UK)
b. the company have to provide the Memorandum and Articles of Association (UK)
c. the company have to fill the company mandate form provided by the banks
d. All of the above
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The correct answer is: All of the above

Question 31
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The factoring company _____its information about the credit status of companies which
want to buy from its customer.

Select one:
a. Used
b. Using
c. Uses
d. has used
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The correct answer is: Uses

Question 32
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____________ means the financial position and reputation of a person or a company.

Select one:
a. Poor risk
b. Reputation
c. Credit-worthiness
d. Credit status
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The correct answer is: Credit status

Question 33
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when the factoring company buys invoices at its own risk, it does this __________

Select one:
a. base rate
b. without recourse
c. poor risk
d. with recourse
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The correct answer is: without recourse

Question 34
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 Flag question

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Banks need information _____ limited companies were formed.

Select one:
a. on how
b. on how thing
c. on thing
d. on thing
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The correct answer is: on how

Question 35
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A third possibility is when the factor pays the customer, _____, 80 per cent of the value of
the invoice as soon as the invoice is raised.

Select one:
a. on credit
b. in due date
c. in advance
d. later
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The correct answer is: in advance

Question 36
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In case there is some _______ on the drawing of the cheques.

Select one:
a. restrict
b. restricting
c. estricted
d. restriction
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The correct answer is: restriction

Question 37
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This gives rise _____ the problem of debt collection.

Select one:
a. over
b. for
c. with
d. to
Feedback

The correct answer is: to

Question 38
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A customer might pay a debt _____ the end of the month.

Select one:
a. to
b. on
c. in
d. at
Feedback

The correct answer is: at

Question 39
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For a company, factoring can save the expense of raising ___________ and collecting
payment from customers.

Select one:
a. directors
b. Shareholder
c. invoices
d. investors
Feedback

The correct answer is: invoices

Question 40
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It is harmful______the suppliers.

Select one:
a. in
b. to
c. on
d. at
Feedback

The correct answer is: to

Question 41
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There may be many people _______ in the business.

Select one:
a. Worked
b. Works
c. Work
d. Working
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The correct answer is: Working

Question 42
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Factoring is a way of ___________ money from unpaid invoices.

Select one:
a. earning
b. paying
c. getting
d. raising
Feedback

The correct answer is: raising

Question 43
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This is especially true in a (an)_________market.

Select one:
a. Free
b. Up
c. Open
d. Down
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The correct answer is: Free

Question 44
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The bank needs ________ and signatures of the owners of the business.

Select one:
a. to knowing the names
b. knowed the names
c. to know the names
d. to knows the names
Feedback

The correct answer is: to know the names

Question 45
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The factor can provide money ______ with recourse _____ without recourse.

Select one:
a. not only … but also
b. neither ….. nor
c. either …. or
d. as … as
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The correct answer is: either …. or

Question 46
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________means the quality of being trusted to pay a debt

Select one:
a. Credit status
b. Credit-worthiness
c. Poor risk
d. Reputation
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The correct answer is: Credit-worthiness

Question 47
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Question text

____ deals with the amount of credit to be given to customers and deciding risks in giving
credit.

Select one:
a. Credit account
b. Credit management
c. Credit Card
d. Credit worthy
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The correct answer is: Credit management

Question 48
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 Flag question

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The bank’s ____________ is used to calculate different rates for lending.

Select one:
a. interest
b. dividend
c. base rate
d. loan interest
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The correct answer is: base rate

Question 49
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____________ means the activity of buying up commercial debts.

Select one:
a. Factors
b. Factoring
c. Bad debt
d. Trade debt
Feedback

The correct answer is: Factoring

Question 50
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 Flag question

Question text

They do not want details _____ how non-limited companies.

Select one:
a. with
b. in
c. at
d. of
Feedback

The correct answer is: of