he drawee of a cheque is（　　）.

A．the person who is to receive payment

B．the bank that has to make payment

C．the last person to endorse the cheque

D．the person whose bank account will be debited

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1 A bank that opens an L/C at the request of an importer is a (an)（　　）.

A．issuing bank

B．paying bank

C．accepting bank　　

D．informing bank

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2 Tariffs can（　　）.

A．decrease the domestic price of a product

B．increase government earnings from taxes

C．increase the quantity of imports

D．decrease domestic production

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3 Foreign trade can be conducted on the following terms of payment except for（　　）.

A．open account

B．documentary collection

C．documentary credits

D．public bonds

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