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Mercantilism believes hat all export of gold and silver be prohibited and all domestic money be kept in circulation.

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Mercantilism believes that a nation’s wealth depends on its stock of natural resources.

Insurance is to be purchased by the buyer if a transaction is concluded on ________ basis.

A. CIF
B. FCA C.DDP D.CIP
C. DDP D.CIP
D. CIP

An insurance policy is actually a contract, serving as evidence of the agreement between the insurer and the ________.

A. applicant
B. exporter
C. importer
D. insured

If there is no indication in the credit of the insurance coverage required, the amount of insurance coverage must be at least 110% of the value of the goods.

A. CIF & CIP
B. CIP & FCA
C. FCA& CPI
D. CPI & CIF

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