Which of the following assets makes use of the basket valuation technique?

Question

Quizplus · Accepted Answer

Special drawing rights (SDRs) make use of the basket valuation technique, which is a method of determining the value of a currency by taking into account the value of a basket of other currencies. SDRs are a type of international reserve asset created by the International Monetary Fund (IMF) and are used to supplement the existing official reserves of member countries. The value of SDRs is determined by the value of a basket of currencies including the US dollar, euro, Japanese yen, British pound sterling, and the Chinese renminbi.

Which of the Following Assets Makes Use of the Basket