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Question : Which unit of valuation is known as "Paper gold"?

Option 1: Eurodollar

Option 2: Petrodollar 

Option 3: SDR

Option 4: GDR


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: SDR


Solution : The correct option is SDR

Paper gold is the name of the valuation unit for SDRs. Special Drawing Rights, or SDR. It measures a country's reserve assets with the IMF and is an accounting entry. Because it was considered a resource that could serve as a reserve asset at the time of its creation . It is only used between governments and the IMF for balance of payments settlements and is not backed by any money or precious metal.

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