Question

How are exports valued in the Merchandise trade in the BOP?

a.

C.I.F. basis

b.

F.O.B. basis

c.

Freight basis

d.

Insurance basis

Answer: (b).F.O.B. basis Explanation:Exports in the Merchandise trade are valued on the F.O.B. (Free on Board) basis, separating international freight and insurance from the value of the goods.

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Q. How are exports valued in the Merchandise trade in the BOP?

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