Multiple choice

Which of the following is called paper gold?

  1. Euro dollars

  2. Special drawing rights

  3. Global depository receipts

  4. Petro dollars

  5. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Special drawing rights (SDRs) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). Not a currency, SDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged.

Keep practicing — related questions