Question : Which unit of valuation is known as "Paper gold"?
Option 1: Eurodollar
Option 2: Petrodollar
Option 3: SDR
Option 4: GDR
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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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