Question

Which unit of valuation is known as paper gold?
A) SDR
B) Eurodollar
C) GDR
D) Petrodollar

Answer 1

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(A)SDR is right answer

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Answer 2

The answer is Option A) - SDR.

The SDR unit of valuation is known as paper gold.

SDR represents Special Drawing Rights. It is an accounting entry and measures a nation’s reserve assets with IMF. SDR is used only by IMF and governments for settling balance of payments. It is used as a supplement of convertible currencies and gold to ensure stability of the foreign exchange markets.