The term 'Special Drawing Rights' can be used by member countries of the IMF for:
A. Only purchasing gold
B. Only financing fiscal deficit
C. Settling international payments and as a reserve asset
D. Only domestic transactions
Answer: Option C
Solution (By JKSSB Mock Tests)
SDRs are international reserve assets that can be exchanged for freely usable currencies and used in transactions among IMF members and prescribed holders.
Explanation:
Stranded assets are those that lose economic value prematurely as a result of changes associated with the energy transition, such as policy shifts, technological change or shifts in demand away from fossil fuels.
Explanation:
The time preference theory of interest (associated with Böhm-Bawerk and others) explains interest as arising from the preference for present goods over future goods.
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