Consider the following statements about Special Drawing Rights SDR 1 SDRs also called paper go...........

Economic Affairs World Bank and IMF

Consider the following statements about Special Drawing Rights (SDR).

1. SDRs also called paper gold are international financing instrument created by the International Monetary Fund (IMF).

2. SDR is backed by currency or precious metal.

Which of the above statements is/are correct?

1 Only

Only 2 Only

Both 1 and 2

Neither 1 nor 2

It is not backed by any currency or precious metal, and is used only among governments and IMF for balance of payments settlements.

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