The Special Drawing Right (SDR): O a. Was created by the International Monetary Fund (IMF) in 1970 as a new reserve asset. b. Partially alleviates the pressure on the U.S. dollar as the key reserve currency. O.All of the above. O d. None of the above.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The Special Drawing Right (SDR):
O a. Was created by the International Monetary Fund (IMF) in 1970 as a new reserve asset.
b. Partially alleviates the pressure on the U.S. dollar as the key reserve currency.
O.All of the above.
O d. None of the above.
Transcribed Image Text:The Special Drawing Right (SDR): O a. Was created by the International Monetary Fund (IMF) in 1970 as a new reserve asset. b. Partially alleviates the pressure on the U.S. dollar as the key reserve currency. O.All of the above. O d. None of the above.
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Special Drawing Rights or S.D.R.s is created by International Monetary Fund or I.M.F. in 1969 and assists the existing money reserves of member countries. It is an international type of money reserve currency. S.D.R's value is calculated depending on U.S. dollar, Euro, Japanese yen, Chinese Yuan, and the British pound. This is created for the internal accounting period. 

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