Suppose the World Demand for Cobalt Is About 16,360,000 Pounds

question 104

Multiple Choice

Suppose the world demand for cobalt is about 16,360,000 pounds per year and the static reserve is 110. What are the known global reserves for cobalt?

• A) 1600 million tons
• B) 1800 million tons
• C) 1600 billion tons
• D) 1800 billion tons

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Definitions:

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A sale conducted under the supervision of a court where the property is sold to satisfy a judgment or to execute a court order.

Preceding Claim

A claim or legal demand made or recognized before another in time.

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A term indicating that the holder of a financial instrument cannot demand payment from the original issuer in case of default.

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