Question

Under which system of valuation , SDRS were valued in terms of 16 currencies which were assigned specific weights ?
A. Standard Basket valuation
B. Standard chartered valuation
C. Various currencies valuation
D. None of these​

Answer 1

Under A. Standard Basket valuation, SDRS were valued in terms of 16 currencies which were assigned specific weights.

• Special Drawing Rights (SDR) is an asset of importance but it is not real money as one cannot use it for buying things.
• However, the value of SDR is of utter importance as weighted in different currencies.
• It is under the Standard Basket valuation, that SDR is valued in terms of 16 currencies of specified weights.

#SPJ2