The SDR has replaced the dollar,yen,and mark as the key asset of the international financial system.

Question

Quizplus · Accepted Answer

This statement is false. The SDR, or Special Drawing Rights, is not a replacement for the dollar, yen, or mark as the key asset of the international financial system. It is instead a supplementary international reserve asset created by the International Monetary Fund (IMF) to supplement the existing reserve assets of member countries. The dollar remains the dominant currency in the international financial system.

The SDR Has Replaced the Dollar,yen,and Mark as the Key