B.P.S.C. (CDPO) (Pre) 2005
Which unit's value is known as 'Paper Gold'?
aEuro Dollar
bPetro dollar
cSDR✓ Correct
dGDR
Explanation
The International Monetary Fund’s Special Drawing Rights (SDR) are known as ‘Paper Gold’. The value of the SDR is reviewed by the International Monetary Fund every five years. The International Monetary Fund introduced the SDR in 1969.
economic-social-development