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Which among the following a unit of measurement is known as papergold ?
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- Euro–dollar
- Petro–dollar
- G. D. R
- S. D. R.
- Euro–dollar
Correct Option: D
Paper Gold is measure of a country’s reserve assets in the international monetary system. It is also called Special Drawing Rights (SDR) which are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). Not a currency, SDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged.