In international finance,what does SDR stand for?
A)Special Drawing Rights.
B)Single Deposit Reserve.
C)Savings Deposit Ratio.
D)Single Demand Remittance.

Question

Quizplus · Accepted Answer

SDR stands for Special Drawing Rights, which is an international reserve asset created by the International Monetary Fund (IMF) to supplement the existing official reserves of member countries. SDR is a basket of currencies that includes the US dollar, euro, Japanese yen, Chinese yuan, and the British pound sterling. It is used as a unit of account by the IMF and some other international organizations to value their assets and liabilities.

In International Finance,what Does SDR Stand For