Which of the following is true of the IMF's SDR?
A) It cannot be added to the member states' foreign currency.
B) Its value is set daily using a set of four major currencies.
C) All the four currencies are given equal weight while determining the value of the SDR.
D) One of the currencies used for calculating the value of SDR is Russian Ruble.
Correct Answer:
Verified
Q35: The gold standard differed from the gold
Q36: Private money differs from official money in
Q37: Which of the following is the way
Q38: Accounts in domestic banks that are maintained
Q39: The _ is the money used to
Q41: The currency exchange mechanism established in 1945
Q42: Only countries that are parties to the
Q43: Which of the following IMF facilities essentially
Q44: Accounts in domestic banks that are maintained
Q45: Which of the following was the major
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents