Which of the Following Is NOT a Mineral

question 35

Multiple Choice

Which of the following is NOT a mineral?

• A) petroleum (oil), which is a liquid
• B) cubic zirconia, which is a synthetic diamond substitute that is not found in nature
• C) ice, which is water in the solid state (and water is essential to all organic life on
• Earth)
• D) both A and B are not minerals; however, C is a mineral

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Definitions:

Calculating Interest

The process of determining the amount of interest to be added to the principal sum of a loan or deposit.

Maturity Value

The amount that will be paid to the holder of a financial instrument at its maturity date, including both the principal and any final interest payments.

Issued Note

A financial instrument representing a promise to pay a specified amount of money at a future date.

Accrued Interest

Interest that has been earned but not yet received in cash or recorded as an asset on the balance sheet.