Multiple Choice
Suppose the world demand for silver is about 343,750,000 troy ounces per year. The known global reserves are 5,500,000,000 troy ounces. The demand for silver is increasing at a rate of 2.7%. What is the exponential reserve for silver?
A) 3.44
B) 13.5
C) 16.0
D) 51.5
Correct Answer:
Verified
Correct Answer:
Verified
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