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WAEC Commerce 2001 Question 27

Question 27

Foreign Trade Documents

A price quotation that covers the cost of goods and all other expenses incurred in delivering the goods to the buyer is called

  1. A.CIF
  2. B.FAS
  3. C.Franco
  4. D.Loco
Show the answer and explanation

Answer: C (Franco)

Explanation

A franco price includes every cost up to delivery at the buyer's premises.