Special Drawing Rights (SDR) are: A. an artificial international reserve allotted to the members of the International Monetary Fund (IMF), who can then use it for transactions among themselves or with the IMF. B. a “portfolio” of currencies and its valu

Question

admin

05.07.2022 - 08:30

Special Drawing Rights (SDR) are: A. an artificial international reserve allotted to the members of the International Monetary Fund (IMF), who can then use it for transactions among themselves or with the IMF. B. a “portfolio” of currencies and its valu

Question:

Special Drawing Rights (SDR) are:

A. an artificial international reserve allotted to the members of the International Monetary Fund (IMF), who can then use it for transactions among themselves or with the IMF.

B. a ‘portfolio’ of currencies and its value tends to be more stable than the currencies that it is comprised of.

C. used in addition to gold and foreign exchanges, to make international payments.

D. all of the above

Answers (1)

Alva April 5, 2023 в 09:40

The answer is D. Special Drawing Rights (SDR) are an artificial international reserve allotted to the members of the International Monetary Fund (IMF), who can then use it for transactions among themselves or with the IMF. Additionally, SDRs are a 'portfolio' of currencies and its value tends to be more stable than the currencies that it is comprised of. Finally, SDRs are used in addition to gold and foreign exchanges, to make international payments. Therefore, all three of these statements are true and the correct answer is D.

Do you know the answer?

Leave a comment Cancel Response

Not sure about the answer?

Find the right answer to the question Special Drawing Rights (SDR) are: A. an artificial international reserve allotted to the members of the International Monetary Fund (IMF), who can then use it for transactions among themselves or with the IMF. B. a “portfolio” of currencies and its valu by subject Business, and if there is no answer or no one has given the right answer, then use the search and try to find the answer among similar questions.

Search for other answers

New questions in the category: Business

Calculate the Debt Ratio given that Total Assets is $1620 and Total Owners’ Equity is $1035. a. 36.11% b. 36.56% c. 37.03% d. 37.4%

Answers (0)

A tank of capacity 200 gallons holds 100 gallons of water with 25 pounds of sugar in solution. Pure water is poured into it at a rate of 2 gallons per minute, and the well stirred mixture flows out of this tank at a rate of

Answers (0)

List the basic steps in the recording process.

Answers (1)

Do independent contractors get overtime pay?

Answers (1)

Briefly distinguish between financial and managerial accounting as they relate to (i) the primary users, (ii) the type and frequency of reports, (iii) the purpose of reports, and (iv) the content of reports.

Answers (0)