Multiple choice general knowledge sports

X were originally created to replace Gold and Silver in large international transactions. In late March 2009 Zhou Xiaochuan, governor of the People's Bank of China proposed using X as a worldwide reserve currency in place of the dollar. Only 21.4 billion of them existed (\$31.9b) till this banking crisis, and now \$250b worth of it to be created for saving global economy. X are used to limit carrier liability on international flights (Warsaw Convention), as well as ship owner liability for cargo damages and oil pollution, international roaming tariffs etc. What is X?

  1. Carbon Credit

  2. Platinum coins

  3. Special Drawing Rights (SDR)

  4. Euro
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Special Drawing Rights (SDRs) are international reserve assets created by the IMF to supplement member countries' official reserves. They were proposed as an alternative to the US dollar as a global reserve currency. SDRs are used in international aviation and shipping conventions to limit liability.

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