Which of the Following Terms Would Indicate a Destination Contract

question 12

Multiple Choice

Which of the following terms would indicate a destination contract?

• A) F.O.B. city of buyer.
• B) F.O.B. city of seller.
• C) C.I.F.
• D) F.A.S. seller's port.

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Definitions:

GIC

A finance option available in Canada, the Guaranteed Investment Certificate provides investors with a secured rate of return over an established time period.

Equivalent Value

The monetary value considered to be equal in worth to a specified amount under different conditions or in a different context.

Rate of Return

An investment's performance, marked by gains or losses during a defined period, articulated as a percentage of its beginning cost.

Compounded Semi-annually

This refers to the process of calculating interest on a principal amount at two intervals in a year, effectively increasing the amount of interest earned or paid.