Economics · International Economics
Which of the following statements is correct in the context of Special Drawing Rights (SDR)?
- 1The SDR is a physical currency issued directly by the IMF.
- 2The SDR was initially defined in 1969 as equivalent to 0.888671 grams of fine gold.✓
- 3The SDR currency value is calculated on an annual basis.
- 4The SDR basket of currencies includes only the US Dollar, Euro, Japanese Yen, and Pound Sterling.
Correct answer
The SDR was initially defined in 1969 as equivalent to 0.888671 grams of fine gold.
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