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Which of the following is the financial accounting unit of the IMF(International Monetary Fund)?
  • a)
    United States Dollar
  • b)
    Euro
  • c)
    Special Drawing Rights
  • d)
    Renminbi
  • e)
    None of the above/More than one of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following is the financial accounting unit of the IMF(Int...
  • SDR was introduced by the IMF in 1969 as an international reserve asset for the member countries .
  • The value of the SDR was linked with the value of Gold.
  • The gold system was abandoned  in 1973 and now the value of SDR is linked with a basket of currencies.
  • The basket of currencies includes ,US Dollar, Great Britain Pound,   Euro, Chinese Renminbi, and Japanese Yen.
  • The IMF has increased India’s SDR quota to 12.57 billion. It is equivalent to $17.86 billion at the latest exchange rate
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Which of the following is the financial accounting unit of the IMF(Int...
  • SDR was introduced by the IMF in 1969 as an international reserve asset for the member countries .
  • The value of the SDR was linked with the value of Gold.
  • The gold system was abandoned  in 1973 and now the value of SDR is linked with a basket of currencies.
  • The basket of currencies includes ,US Dollar, Great Britain Pound,   Euro, Chinese Renminbi, and Japanese Yen.
  • The IMF has increased India’s SDR quota to 12.57 billion. It is equivalent to $17.86 billion at the latest exchange rate
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Which of the following is the financial accounting unit of the IMF(International Monetary Fund)?a)United States Dollarb)Euroc)Special Drawing Rightsd)Renminbie)None of the above/More than one of the aboveCorrect answer is option 'C'. Can you explain this answer?
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