CMT Association CMT-Level-I Q&A - in .pdf

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  • Exam Code: CMT-Level-I
  • Exam Name: CMT Level 1 Exam
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NEW QUESTION: 1
What benefit does an exporter get when asking for a documentary credit (LC) to be confirmed by the advising or negotiating bank? (Choose the best answer.)
A. There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
B. After confirming the LC, the advising or negotiating bank will pay or promise to pay against presented documents, which after checking are found to be as
C. Confirmation of the LC ensures that the goods that are exported are of very high quality.
D. Confirmation of the LC removes all discrepancies in the documents submitted.
Answer: B

NEW QUESTION: 2
What is NOT true about the DSLam?
A. The DSLam is used to connect multiple DSL users to a high-speed network.
B. The DSLam sits inside the local telephone company central office.
C. Characteristics of the copper wires do not affect DSL.
D. The physical length of the DSLam is the primary factor affecting the speed available.
Answer: A

NEW QUESTION: 3
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts in Revenue Management.
Which predefined Contract Identification Rule can be used in this case?
A. Identify Customer Contract Based on Source Document
B. Identify Customer Contract Based on Source Document Line
C. Identify Customer Contract Based on Source System
D. Identify Customer Contract Based on Party
Answer: A
Explanation:
Explanation/Reference:
Reference: https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/ FAIRP2288193.htm#FAIRP2433444

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