Which of the Following Is Not True About a Special

question 11

Multiple Choice

Which of the following is not true about a special drawing right (SDR) ?

• A)The SDR is a composite currency.
• B)The value of the SDR is an average of the values of the currencies of the major industrial countries.
• C)The SDR was created in 1980 by the World Bank.
• D)The SDR is an international reserve asset.
• E)The SDR is used to settle international debts.

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Definitions:

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The 27th President of the United States (1909-1913) known for his conservative policies; later served as the 10th Chief Justice of the United States, making him the only person to have held both offices.