Which of the following is not one of the components of ‘International Reserve’ ?
According to IMF Balance of Payments standards, a country's official International Reserves consist of four components: Foreign Currency Assets, Monetary Gold, Special…
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Which of the following is not one of the components of ‘International Reserve’ ?
Answer and explanation
Correct answer D
According to IMF Balance of Payments standards, a country's official International Reserves consist of four components: Foreign Currency Assets, Monetary Gold, Special Drawing Rights (SDRs), and Reserve Tranche Position in the IMF. Domestic 'Money Market Instruments' are not a component of international reserves.
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UGC NET Commerce