The special drawing rights (SDRs) developed by the IMF can be thought of as
A) black gold.
B) exchange permits.
C) floating currencies.
D) paper gold.
E) virtual dollars.

Question

Quizplus · Accepted Answer

SDRs are referred to as "paper gold" because they are an international reserve asset created by the IMF to supplement its member countries' official reserves, thus providing liquidity in the global economic system without being tied to any physical commodity like gold.

The Special Drawing Rights (SDRs) Developed by the IMF Can