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Under a flexible-price monetary approach to the exchange rate
FOB Shipping Point
A term used in shipping agreements indicating that the buyer assumes responsibility for the goods and their transportation costs from the point of departure.
Insurance in Transit
Insurance in transit covers risk to goods and materials while they are being transported from one location to another.
Inventory Costs
Expenses associated with storing and managing goods that a company holds for sale.
Service Charge
A fee collected by a financial institution, or any other service provider, for the services they provide.
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