Which of the following is not true about a special drawing right (SDR) ?
A) The SDR is a composite currency.
B) The value of the SDR is an average of the values of the currencies of the major industrial countries.
C) The SDR was created in 1980 by the World Bank.
D) The SDR is an international reserve asset.
E) The SDR is used to settle international debts.
Correct Answer:
Verified
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