Consider the following currencies 1 Dollar 2 Yen 3 Euro 4 Yuan 5 Pound Which of the following is the...........

Economic Affairs World Bank and IMF

Download Solution PDF

Consider the following currencies:

(1) Dollar

(2) Yen

(3) Euro

(4) Yuan

(5) Pound

Which of the following is the correct order of decreasing weightage of the currencies in the Special

Drawing Rights Currency Basket?

1>3>5>4>2

1>3>4>2>5

3>1>5>4>2

3>1>5>2>4

छोटे Courses बड़े Results

Master World Bank and IMF

Prepare through Micro-courses

Try Now

Explanation:

Explanation:
Special Drawing Rights is essentially an artificial currency instrument used by the International Monetary Fund (IMF), and is built from a basket of important national currencies. The IMF uses SDRs for internal accounting purposes. SDRs are allocated by the IMF to its member countries and are backed by the full faith and credit of the member countries' governments. The makeup of the SDR is re-evaluated every five years. The SDR value in terms of the U.S. dollar is determined daily based on the spot exchange rates observed at around noon London time.
Currency Weights Determined in the 2015
Review
U.S. Dollar 41.73
Euro 30.93
Chinese Yuan 10.92
Japanese Yen 8.33
Pound Sterling 8.09
Therefore, the correct answer is (b).