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Home > International Organizations And Alliances > Question

What does SDR, a supplementary foreign exchange reserve asset created by the IMF, stand for?

0
A) Systematic Drawing Ratio
B) Special Drawing Rights
C) Standard Depository Receipt
D) Secure Debt Regulation

Correct Answer: B) Special Drawing Rights

SDR stands for Special Drawing Rights. It is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. The value of the SDR is based on a basket of five major currencies.

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