Multiple choice general knowledge

SDR, the curency of the IMF , is in the form of

  1. Paper Currency

  2. Gold

  3. Silver and Gold Both

  4. Book keeping entry only
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

SDR (Special Drawing Rights) is an international reserve asset created by the IMF in 1969. It exists only as a bookkeeping entry on the IMF's ledger - there are no physical SDR notes or coins. It is not backed by gold or silver. SDRs provide member countries with a claim to freely usable currencies of other IMF members and are a unit of account.

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