11. Special drawing rights are not

1. 1. a credit line allocated by the IMF to member countries according to each country's quot(a)

   
   
   

   2. backed by US dollars.

   
   
   

   3. the IMF's unit of account.

   
   
   

   4. a basket of four currencies.

   
   
   

---

1. View Hint View Answer Discuss in Forum

   backed by US dollars.

   Correct Option: B

   backed by US dollars.

---

12. The reason in difference between GNP and GDP is

1. 1. Gross Foreign Investment

   
   
   

   2. Net Foreign Investment

   
   
   

   3. Net Exports

   
   
   

   4. Net Factor Income from abroad

   
   
   

---

1. View Hint View Answer Discuss in Forum

   Net Factor Income from abroad

   Correct Option: D

   Net Factor Income from abroad

---

---

13. In which year was the new currency Euro introduced?

1. 1. 1983

   
   
   

   2. 2001

   
   
   

   3. 1999

   
   
   

   4. 1995

   
   
   

---

1. View Hint View Answer Discuss in Forum

   The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743).

   Correct Option: C

   The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743).

---