Question # 1

Content of money order includes.

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Fixed amount

Non transferable

Identification

All of these

In L.C. the other name of importer's bank is.

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Buyer bank

Opening bank

Issuing bank

All of these

The Kiind of non commercial letter of credit includes.

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Traveler L.C.

Circular note

Credit card

All of these

If there is no gurantee to honour the L.C. It is called.

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Documentary L.C.

Revolving L.C.

Back to back L.C.

Unconfirmed L.C.

Letter of credit state a limit of.

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Credit

Time period

Bank

None of these

The L.C. which is accompanied by some documents is called.

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Documentary L.C.

Revolving L.C.

Back to back L.C.

Simple L.C.

Feature of postal order

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Serial no

value

Commission

All of these

Generally, the instruments which are used in foreign receipts and payments called

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Exchange rate

Foreign exchange

Letter of credit

All of the above

I.O.U. Is a credit instrument.

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Negotiable

Non Negotiable

Partial Negotiable

Conditional negotiable

The price of one country's currency in term other country's currency is called

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Foreign currency

Traveller's L.C.

Exchange rate

None of these

Transfer of money from one palce to another place with the help of post office.

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Cheque

Draft

Money order

None of these

Which party to L.C. is called beneficiary.

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Import

Export

Advising bank

Opening bank

The word IOU means.

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I am your creditor

I am your debtor

I am your friend

None of these

Parties involvedin money order.

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Two

Three

Four

Five

Which of the following is a non commercial L.C.

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Revolving L.C.

Traveler 's cheque

Unconfirmed L.C.

Special L.C.

Postal order is the example of.

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Negotible credit instrument

Cash instruent

Non negotiable credit instrument

None of these

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