The Bond That Maximizes the Difference Between the Invoice Price

question 40

Multiple Choice

The bond that maximizes the difference between the invoice price and the delivery price is referred to as the

• A) Cheapest-to-deliver.
• B) Conversion bond.
• C) Delivery bond.
• D) Cheapest to substitute.
• E) Cost-of-carry.

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Definitions:

Individual

A single human being considered separately from a society or community.

Values

A consumer’s belief that specific behaviors are socially or personally preferable to other behaviors.

Socially Preferable

The characterization of products, practices, or behaviors that are considered favorable or advantageous by society based on ethical, cultural, or social norms.

Behavior

The actions, reactions, or functioning of an individual, group, or system in response to external or internal stimuli.