6 Views

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.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books