If the Special Drawing Right (SDR) was used as an international currency,the cost of doing business would likely go up for firms and investors.This is because another step would be added to international transactions,as buyers and sellers would have to convert their local currencies into SDRs.

Question

Quizplus · Accepted Answer

Converting local currencies into SDR would add an extra step to international transactions, which would increase the cost of doing business for firms and investors.

If the Special Drawing Right (SDR) Was Used as an International