According to recent figures of IMF, which country has largest foreign exchange reserves in the world?
Correct answer: D. China
- A. Japan
- B. USA
- C. Russia
- D. China
Explanation
China held the world's largest foreign-exchange reserves, far exceeding those of Japan, Russia and the United States. Foreign-exchange reserves are official assets held by a country's central bank in foreign currencies and other reserve instruments.
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Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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