Which of the following is a form of international reserve assets, created by IMF in 1967 whose value is based on a portfolio of widely used currencies ?
Correct answer: A. Special Drawing Right (SDR)
- A. Special Drawing Right (SDR)
- B. IMF Drawing Rights (SDR)
- C. International Drawing Right (IDR)
- D. Sure, Drawing Rights (SDR)
Explanation
Special Drawing Rights are IMF-created international reserve assets whose value is based on a basket of major currencies. The other options are not recognized names for this reserve asset.
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