In Mining, Overburden Refers To

question 28

Multiple Choice

In mining, overburden refers to:

• A)the hill of loose rock created when the soil and rock from a new trench is put into the already excavated trench during strip mining.
• B)the mineral resources that are extracted from deep underground deposits.
• C)the soil and rock overlying a useful mineral deposit.
• D)the mineral resources that are extracted near Earth's surface by first removing the soil, subsoil, and overlying rock strata.

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Definitions:

TIPS Bond

Treasury Inflation-Protected Securities, a type of U.S. government bond designed to help investors protect against inflation by adjusting the principal value based on changes in the consumer price index.

Coupon Rate

The percentage of a bond's face value that is annually paid as interest by the bond.

Par Value

The nominal value of a bond or the stated value of stock as documented in the company's charter, frequently utilized in official paperwork.

Ask Price

The lowest price a seller is willing to accept for an asset in the financial markets; it contrasts with the bid price, which is the highest price a buyer is willing to pay.