Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is SDR?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

When should need to value a company using a revenue multiple vs. Ebitda?

1157


What are the various risks that banks face?

1241


What is the difference between Bull and Bear market?

1148


Explain balanced capitalization.

1251


What are the major Challenges being faced in the Banking sector?

1042


Which was the regulatory authority before SEBI?

1160


What is a fund flow statement?

1088


What do you mean by financial accounting?

988


What is the role of technology in banking sector?

1077


Give few ways of 'money laundering'?

1157


What are the advantages proprietary firms?

973


Does leasing increase borrowing capacity of a firm? How?

1043


What is mudra bank?

1109


What do you know about the recent satellite launch?

1095


What is the difference between monetary policy and fiscal policy?

1112