In the Context of Shipping Contracts, Which of the Following

question 39

Multiple Choice

In the context of shipping contracts, which of the following statements is TRUE?

• A) CIF means contract, interest, freight
• B) CIF means cost, interest, freight
• C) CIF means cost, insurance, freight
• D) FOB means future, ownership, board
• E) FOB means freight, ownership, buyer

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Definitions:

Time Deposit

A bank deposit with a fixed term or maturity date, often yielding higher interest rates than savings accounts.

Commercial Bank

A financial institution that offers a range of banking services to individuals and businesses, including deposits, lending, and other financial products.

Financial System

Process by which money flows from savers to users.

Municipal Bonds

Bonds issued by state and local governments.