One of the innovations introduced by Bretton Woods was the creation of the Special Drawing Right or SDR. The SDR is an international reserve asset created by the:
A) U.S. Department of the Treasury.
B) International Bank of Reconstruction and Development (IBRD).
C) World Bank (WB).
D) International Monetary Fund (IMF).

Question

Quizplus · Accepted Answer

The creation of the Special Drawing Right was one of the key innovations introduced by Bretton Woods. The SDR is an international reserve asset created by the International Monetary Fund (IMF) to supplement the existing official reserves of member countries. It is used as a reserve currency for international transactions and can be exchanged for other currencies at the discretion of member countries.

One of the Innovations Introduced by Bretton Woods Was the Creation