Special Drawing Rights is a type of international money. It was create
| Special Drawing Rights is a type of international money. It was created by _______.
A. World Bank
B. International Monetary Fund
C. World Trade Organisation
D. European Union
Right Answer is: B
- Special drawing rights are supplementary foreign-exchange reserve assets defined and maintained by the International Monetary Fund (IMF).
- The XDR is the unit of account for the IMF. XDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged.
- The XDR was created in 1969 to supplement a shortfall of preferred foreign-exchange reserve assets, namely gold and the U.S. dollar.