ECONOMICS
BALANCE OF PAYMENTS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Government bond
|
|
|
Inconvertible currencies
|
|
|
Special drawing rights
|
|
|
Reserve positions at the WTO
|
Detailed explanation-1: -The SDR is an international reserve asset. The SDR is not a currency, but its value is based on a basket of five currencies-the US dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.
Detailed explanation-2: -The value of the SDR is based on a basket of five currencies-the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.
Detailed explanation-3: -Special Drawing Rights, often referred to as SDRs, are an interest-bearing international reserve asset used by the International Monetary Fund (IMF). The SDR is based on a basket of currencies and comes with the currency code, XDR, which it may also be referred to by.
Detailed explanation-4: -SDRs can be used to exchange for other currencies, the repayment of loans, the payments of obligations, pledges, the payment of interest on loans, or paying for increases in quota amounts.