ECONOMICS
ECONOMIC INSTITUTIONS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Yen
|
|
|
USD
|
|
|
Euro
|
|
|
British Pound
|
Detailed explanation-1: -Since then SDR basketconsists of the following five currencies: U.S. dollar 41.73%, Euro 30.93%, Renminbi (Chinese yuan) 10.92%, Japanese yen 8.33%, British pound 8.09%. 6. Which of the following is not the objective of the IMF?
Detailed explanation-2: -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-3: -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-4: -The correct answer is Renminbi. The SDR is an international reserve asset, created by the IMF in 1969.
Detailed explanation-5: -British Pound – 8.09% Japanese Yen – 8.33% Chinese Yuan – Around 11% Euro – Around 31% US Dollar – Around 41.73%