| I. It was created in 1980 |
| II. It is also known as "paper gold". |
| III. Its value is based on a basket of five key international key currencies and SDRs can be exchanged for freely usable currencies |
A) Only II
B) I & III
C) II & III
D) All the above
Correct Answer: C
Solution :
SDR is an international monetary reserve currency, created by International Monetary Fund (IMF) in 1969. It operates as a supplement to the existing reserves of member countries. It is also known as "paper gold".
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