C. security investment D. investment incomes 2.CHIPS is the electronic clearing system for ( ) A.GBP B. USD C.CNY D.EUR 3. Which of the following payment method is based on commercial credit? ( ) A.letter of credit B.bank guarantee C. collection D. standby credit 4. A ( ) must be accepted by the drawee before payment A.sight bill B.bill payable at XX days after sight B.promissory note D.bill payable on demand 5. A check is a ( )draft drawn on a bank A.time B.usa nee C. direct D. dema nd 6.To the importer, the most favorable method of settlement is () A.l etter of credit B. cash in advanee C. ope n account D. collection 7.The ( ) of a promissory note has prime liability while the other parties have secondary liability. A. holder B. drawee C.maker D.acceptor 8. Under D/P, the documents will not be delivered to the buyer until ( ) A. the goods have arrived B the docume nts have arrived C.the docume nts are prese nted to the buyer D. the bill is paid by the buyer 9. In documentary collection, after the goods have been shipped, the exporter presents the document's to ( )or collection A.the collect ing bank B. the reimbursi ng bank C.the remitt ing bank D.the ope ning bank (5) Calculate the maturity date (10 ) If payable "at 30 days after sight" If payable "at 30 days from sight" : If payable " at 30 days after date": If payable "at one month after date" : If payable " at half a month after sight