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The term ‘Reserve tranche’ often seen in the news, it is related to -
  • a)
    An international type of monetary reserve currency created by the World Bank.
  • b)
    The interest charged on the long term loan by the World Bank to nations.
  • c)
    The required quota of currency each member country must provide to the IMF.
  • d)
    Line of credit given by the central banks to other nations’ national bank.
Correct answer is option 'C'. Can you explain this answer?
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The term ‘Reserve tranche’ often seen in the news, it is r...
In News- Recently, The country’s foreign exchange reserves touched a lifetime high of $555.12 billion after it surged by $3.615 billion in the week ended October 16. The term ‘Reserve Tranche’ often seen in relation to this.
Option C is correct: Reserve tranche is a portion of the required quota of currency each member country must provide to the International Monetary Fund (IMF) that can be utilized for its purposes.
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The term ‘Reserve tranche’ often seen in the news, it is related to -a)An international type of monetary reserve currency created by the World Bank.b)The interest charged on the long term loan by the World Bank to nations.c)The required quota of currency each member country must provide to the IMF.d)Line of credit given by the central banks to other nations’ national bank.Correct answer is option 'C'. Can you explain this answer?
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