A Sale Made with Terms "CIF Tokyo" Includes in the Price

question 18

Multiple Choice

A sale made with terms "CIF Tokyo" includes in the price quoted for the goods which of the following:

• A) Cash, in-transit expenses, foreign exchange expenses.
• B) Cash, insurance, freight.
• C) Cost, insurance, freight.
• D) Currency exchange expenses, insurance, freight.

---

Definitions:

United States

A country in North America consisting of 50 states and a federal district, known for its significant influence on world politics, economy, and culture.

National Income

The total value of all goods and services produced by a country's economy over a specific period, accounting for income earned domestically and abroad.

United States

A nation in North America that encompasses 50 states, a federal district, five significant self-governing territories, and a collection of possessions.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.