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Special drawing rights (SDR) refer to an international type of monetary reserve currency created by the International Monetary Fund (IMF) in 1969 that operates as a supplement to the existing money reserves of member countries (India joined the IMF on December, 1945). Created in response to concerns about the limitations of gold and dollars as the sole means of settling international accounts, SDRs augment international liquidity by supplementing the standard reserve currencies. An SDR is essentially an artificial currency instrument used by the IMF, The value of the SDR is based on a basket of fivecurrencies—the U.S. dollar, the euro, the Chinese Renminbi, the Japanese yen, and the British pound sterling. 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 & credit of the member countries' governments. The makeup of the SDR is re-evaluated every fiveyears .
A shopkeeper raises the price of a watch by 20%, followed by another increase of 30%. After offering a 25% discount, he makes a p...
A shopkeeper sells an article for Rs 80 and earns thrice the profit that he would have earned on selling this article for Rs 69. Find the C.P of ...
A shopkeeper bought an article and marked it at Rs. 650. By selling the article at a discount of 4%, he earns a profit of 20%. Find the cost price of th...
Profit percentage received on a product when sold for Rs.400 is equal to the percentage loss incurred when the same product is sold for Rs.320. Find the...
The marked price of a product is Rs.300 more than the cost price. If 55% discount offered on the marked price and the profit percent on that product is ...
If a shopkeeper hikes the purchasing value of an item by 56% and gives it a discount of 56% on the face value for selling it, then know the total percen...
A has bought a few items from the interest he earned from the investment in PNB. A has marked up the items by 11(1/9)% above the cost price. Find out th...
A purchased an article for Rs 1300. She sold the article at 12% profit. She then added Rs 400 to the amount received and purchased a purse such that the...
The cost price of an article is Rs. 2500 and a shopkeeper wants to earn 12% profit on it after giving 20% discount on marked price. Find the marked pric...