Question:
At present, the value of an SDR consists of the weighted value of five major currencies, namely,
(1) USD, GBP, JPY, EUR and Swiss Franc.
(2) USD, Swiss Franc, CNY, EUR and AUD.
(3) USD, CAD, RUB, EUR and CNY.
(4) USD, GBP, JPY, AUD and EUR.
(5) USD, GBP, JPY, EUR and Chinese Yuan.
Correct Answer:
(5)
Answer Explanation:
Special Drawing Rights (SDR) is an international reserve asset created by the IMF. Its value is based on a basket of the world’s most heavily used and traded currencies. Currently, the basket consists of the US Dollar, Euro, Chinese Yuan (Renminbi), Japanese Yen, and the British Pound Sterling.
Topic: Global Economy Year: 2019
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