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. What is the static reserve for silver?

Question

Quizplus · Accepted Answer

The static reserve for silver can be calculated by dividing the known global reserves by the annual world demand: 
Static reserve = 5,500,000,000 / 343,750,000 = 16. 
Therefore, the answer is C.

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