Special drawing rights, SDRs, are sometimes called ________.
A) gold-sterling
B) paper currency
C) paper gold
D) credit

Question

Quizplus · Accepted Answer

SDRs are referred to as "paper gold" because they are an international reserve asset created by the International Monetary Fund (IMF) to supplement its member countries' official reserves, thus serving a similar purpose to gold in the global financial system, but in a form that is essentially a bookkeeping entry rather than a physical asset.

Special Drawing Rights, SDRs, Are Sometimes Called ________