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Management · Q723

International Finance and Treasury

Graduate and Post Graduate · Management · question 723

Q723

Not a currency but basically a component of account of

A.
compensatory financing facility
B.
special drawing rights
Answer
C.
multilateral investment guarantee agency
D.
structural adjustment loan

Answer: Option B

Solution

Answer: Option B
Solution:
Not a currency but basically a component of account of special drawing rights. Special drawing rights (SDR) refer to an international type of monetary reserve currency created by the International Monetary Fund (IMF) in 1969 that operates as a supplement to the existing money reserves of member countries.