The most important international reserve asset, comprising 94 percent of the total reserve assets held by IMF member countries is
A. Gold
B. Foreign exchanges
C. Special Drawing Rights (SDRs)
D. Reserve positions in the International Monetary Fund (IMF)
Answer:B
The most important international reserve asset, comprising 94 percent of the total reserve assets held by IMF member countries is
A. Gold B. Foreign exchanges C. Special Drawing Rights (SDRs) D. Reserve positions in the International Monetary Fund (IMF)