A Special Drawing Right (SDR) refers to:
A) an international monetary reserve asset issued by the IMF.
B) the main currency that many countries and institutions hold as part of their foreign exchange reserves.
C) a fast-disbursing loan facility with low conditionality aimed at reassuring investors by injecting liquidity.
D) a system where currencies float against one another with governments intervening only to stabilize their currencies at set target exchange rates.
E) a negotiable certificate issued by a U.S.bank representing a specified number of shares (or one share) in a foreign stock that is traded on a U.S.exchange.
Correct Answer:
Verified
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