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).

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