The most important international reserve asset,comprising 94 percent of the total reserve assets held by IMF member countries is
A)gold.
B)foreign exchanges.
C)special Drawing Rights (SDRs).
D)reserve positions in the International Monetary Fund (IMF).

Question

Quizplus · Accepted Answer

Foreign exchanges are the most important international reserve asset, comprising the largest portion of total reserve assets held by IMF member countries. These assets are primarily held in major currencies that can be used for international transactions and to support the member country's own currency.

The Most Important International Reserve Asset,comprising 94 Percent of the Total