What is SDR?
Answer / deepak
The SDR (Special Drawing Rights) is an artificial currency created by the IMF in 1969. SDRs are allocated to member countries and can be fully converted into international currencies so they serve as a supplement to the official foreign reserves of member countries. Its value is based on a basket of key international currencies (U.S. dollar, euro, yen and pound sterling).
| Is This Answer Correct ? | 0 Yes | 0 No |
What Is Irda And What Are It's Functions?
What is typically higher the cost of debt or the cost of equity?
When should banks not pay the cheque?
What is the term given to people who trade in derivatives?
What Is A Discharge?
who are the major players in market providing loans against rent receivables
What is 'rule of lapse'?
What is Royalty?
What is Forward contract?
debentures
What is NASDAQ?
What are Foreign Banks?
Business Administration (517)
Marketing Sales (1279)
Banking Finance (3209)
Human Resources (747)
Personnel Management (68)
Hotel Management (29)
Industrial Management (113)
Infrastructure Management (14)
IT Management (97)
Supply Chain Management (16)
Operations Management (39)
Funding (79)
Insurance (494)
Waste Management (1)
Labor Management (48)
Non Technical (73)
Business Management AllOther (546)