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:

Deposited

Placing money into a financial account or institution for safekeeping or investment purposes.

Collection Float

The time period between when a check is deposited and when the funds are available in the payee’s account, reflecting the bank’s processing time.

Banking System

denotes the network of institutions that provide financial services, including deposits, loans, and currency exchanges.