Economics · International Monetary Fund

Consider the following statements regarding the International Monetary Fund's Special Drawing Rights (SDR). SDR is an international reserve asset created by the IMF to supplement official reserves of member countries, based on a basket of five currencies (US dollar, euro, Chinese renminbi, Japanese yen, British pound sterling). Statement I: The SDR is a currency and can be used by private individuals to pay for international travel and retail transactions at any commercial bank globally. Statement II: A member country with a strong balance of payments position may be 'designated' by the IMF to provide freely usable currency in exchange for SDRs from a member with a weak balance of payments. Statement III: The interest rate on the SDR is determined weekly and is based on a weighted average of representative interest rates on short-term debt instruments in the money markets of the SDR basket currencies. Which of the combinations represents the accurate set of facts?