International Monetary Fund (IMF) level-1 :: Discussion


10.Which of the following is known as the Paper Gold?
A.US Dollar
B.Pound
C.Demand draft
D.Special Drawing Right
Answer:  Option  D
Explanation:

Special Drawing Right is known as the Paper Gold. The value of the SDR is based on a basket of key international currencies reviewed by IMF every five years. SDR was introduced in the 1969 by the IMF to solve the problem of International liquidity.

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Published by:Michael Daani

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