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Management · Q85

International Finance and Treasury

Graduate and Post Graduate · Management · question 85

Q85

The abbreviations SDR stands for

A.
Special Drawing Rights
Answer
B.
Specific Drawing Rights
C.
Special Depository Rules
D.
Specific Depository Rules

Answer: Option A

Solution

Answer: Option A
Solution:
The abbreviations SDR stands for 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.