The special drawing rights (SDRs) developed by the IMF are in effect:
A) black gold.
B) exchange permits.
C) floating currencies.
D) paper gold.
E) virtual dollars.

Name: The special drawing rights (SDRs) developed by the IMF are in effect: A) black gold. B) exchange permits. C) floating currencies. D) paper gold. E) virtual dollars.
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Question

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The SDR is in effect paper gold and represents an average base of value derived from the value of a group of major currencies.

The Special Drawing Rights (SDRs) Developed by the IMF Are