Electronic Communications/Assessment

Assessment

1 The changes in technology have required international businesses organizations to

	rely solely on internet communications.
	maintain requirements for hard copies only.
	watch and observe the changes from the sidelines.
	adapt their guidelines to internet communications.

2 The eUCP provides banks with guidelines to

	use electronic Incoterms for international transactions.
	electronically communicate and transmit documents for documentary collections.
	electronically communicate common business practices.
	use electronic methods of payment for international transactions.

3 When issuing documents for a letter of credit, freight forwarders must ensure the

	comply perfectly with the letter of credit.
	arrive at the bank immediately.
	arrive at the buyer’s office immediately.
	comply with the wishes of the seller.

4 The standard messaging system used by banks around the world is known as

	EBanking.
	ESystem.
	SWIFT.
	SWEAT.

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