Which of the following is true of the IMFs SDR?
A. It cannot be added to the member states foreign currency.
B. Its value is set daily using a set of four major currencies.
C. All the four currencies are given equal weight while determining the value of the SDR.
D. One of the currencies used for calculating the value of SDR is Russian Ruble.
Answer:B
Which of the following is true of the IMFs SDR?
A. It cannot be added to the member states foreign currency. B. Its value is set daily using a set of four major currencies. C. All the four currencies are given equal weight while determining the value of the SDR. D. One of the currencies used for calculating the value of SDR is Russian Ruble.