πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Which of the following is the component of Foreign

      Exchange Reserve of a country?
      A Gold Correct Answer Incorrect Answer
      B Foreign currencies Correct Answer Incorrect Answer
      C Special Drawing Rights (SDR) Correct Answer Incorrect Answer
      D Reserve Tranche Position (RTP) Correct Answer Incorrect Answer
      E All of the above Correct Answer Incorrect Answer

      Solution

      Foreign currencies have the largest share in the foreign exchange reserve of a nation. Gold also is a part of the reserve. SDR and RTP are kind of international currency used by International Monetary Fund (IMF).

      Practice Next
      ask-question