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The Monetary System

Special Drawi...

Question

Special Drawing Rights are the rights of countries provided by

A

World Bank

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B

IMF

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C

ADB

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D

Federal Reserve

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Solution

The correct option is B IMF
Many a time we read about Special Drawing Right (SDR) in newspapers. As per its definition, SDR is a monetary unit of the reserve assets of International Monetary Fund(IMF). Special Drawing Right is a type of foreign-exchange reserve. It is introduced in 1969.

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