2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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20
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10
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5
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6
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Detailed explanation-1: -The bond will cover 10 volcanoes, including Mexico’s Popocatepetl and Nevado del Ruiz in Colombia.
Detailed explanation-2: -The so-called volcano bond, amounting to $1 billion, would be in part used to finance the creation of “Bitcoin City, ” where the digital coins are mined using geothermal energy in the latest gamble by El Salvador President Nayib Bukele, 40.
Detailed explanation-3: -The first definite record of a volcano eruption was written by Pliny the Elder, a Roman author, in 79 AD when Mount Vesuvius erupted. Archeologists have found cave drawings in Catalhoyuk, Turkey, that date from about 6900 BCE, which appear to show a volcano erupting. There is a volcano, Mount Hasan, nearby.
Detailed explanation-4: -The oldest recorded volcanic eruption is believed to be in a cave drawing in Chauvet, France, which may be as much as 40, 000 years old. The eruption of Mount Vesuvius in 79 AD that wiped out the city of Pompeii is considered the first volcanic eruption to be described in great detail.
Detailed explanation-5: -Catastrophe Bonds Some of the bonds also include the volcanic eruptions in baskets of the covered perils. These bonds offer a high yield to the investors who are going through the risk of losing some or all of their investment during the disaster.