Q.

Which unit of valuation is known as "Paper gold"?

A. Eurodollar
B. Petrodollar
C. SDR
D. GDR
Answer» C. SDR
Explanation: Paper Gold is a measure of a country's reserve assets in I he international monetary system. It is also called Special Drawing Rights (SDR) which is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. SDRs may actually represent a potential claim on IMF member countries' non-gold foreign exchange reserve assets, which are usually held in those currencies.
1.6k
0
Do you find this helpful?
2

View all MCQs in

Economics (GK)

Discussion

No comments yet