Suppose the World Demand for Silver Is About 343,750,000 Troy

question 112

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

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