Which of the following is/are treated as artificial currency?

a) ADR
b) GDR
c) SDR
d) Both ADR and SDR


Ans-[C]
Explanation- SDRs or special drawing rights are used by the members of the IMF to pay their dues and transfer funds between countries. It is an international type of monetary reserve currency, created by the International Monetary Fund (IMF) in 1969.
ADR is a negotiable security that represents securities of a non-US company that trades in the US financial markets and GDR are A global depository receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company.

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