Decide whether the following statement's are true or false .

1)under non-trade settlement,the most common means to carry funds are cash ,traveler's letter of credit and credit card ( )

2)Nostro account is an account(due to account)held by a bank on behalf of a correspondent bank( )

3)Bills of exchange were created in the sixteen century( )

4)The authorized signature are used for authentication of the messages,letter's, remittances,letter's of credit,etc,addressed by the bank to its correspondent bank ( )

5)From an American bank's view ,a Nostro account is a dollar account held for its overseas correspondents ( )

6)incoterms set out the obligation of the buyer( )

7)under the term CFR ,it is the seller responsibility to procure the insurance for the goods transported ( )

8)Documentary credit offers a High degree of safety for both the buyer and sellerk ( )

9)Advance payment,open account,documentary collection and letter of credit are the usual means of payment to settle International trade transactions.( )

10)To the seller of the goods,the most satisfactory arrangement as far as payment is concerned is to receive it in advance( )

11)The term FAS can only be used for sea or inland waterway transport( )

12)The term EXW represents the minimum obligation for the importer ( )

13)The trade term DES should be followed by named port of destination( )

14)clean collection is collection for financial document's without commercial document's being attached( )

15)Trade an open account terms usually satisfies the seller's desire for cash and the importer's desire for credit ( )