Energy Reserves Differ from Energy Resources in That

question 7

Multiple Choice

Energy reserves differ from energy resources in that

• A)energy reserves estimate the amount of a material remaining to be discovered,while energy resources are materials that have already been discovered.
• B)energy resources estimate the amount of a material remaining to be discovered,while energy resources are materials that have already been discovered.
• C)energy reserves are the amount of non-renewable resources remaining,while energy resources are the amount of renewable energy sources available.
• D)energy resources are deposits that have been discovered,while energy reserves are the predicted amount of global consumption of those deposits on an annual basis.

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Definitions:

Compounded Annually

The process of adding interest to the principal sum of an investment, loan, or deposit once per year.

Monthly Payment

A fixed amount of money paid every month, typically as part of a loan or mortgage repayment schedule.

Compounded Quarterly

This refers to the method where interest on a financial product is calculated and added to the principal sum every three months.

Compounded Monthly

Interest calculated on the initial principal and also on the accumulated interest from previous periods on a monthly basis.