Which of the Following Is the Reserve Currency Used by the IMF

question 35

Multiple Choice

Which of the following is the reserve currency used by the IMF?

• A) Ven
• B) Special Drawing Right (SDR)
• C) European Currency Unit (ECU)
• D) World Currency Unit (Wocu)

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Definitions:

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition and net worth.

Financial Position

A financial statement element that shows the value of a company's assets, liabilities, and equity at a specific point in time.

Unearned Revenues

Monies received by a company for goods or services yet to be delivered or performed, considered a liability until the obligation is fulfilled.

Liability

Financial obligations or debts that an entity owes to others, which must be settled over time through the transfer of economic benefits.