Developed by the international monetary fund to cope with universally floating exchange rates, Special Drawing Rights (SDRs) represent an average base of value derived from the value of a group of major currencies.
<h3>What is Special Drawing Rights (SDRs)?</h3>
Special Drawing Rights (SDRs) is an international reserve asset created by the IMF to supplement its member countries' official reserves. The SDR is not a monetary unit.
Special Drawing Rights (SDRs) are an asset, but not money in the traditional sense because they cannot be spent. An SDR's value is determined by a basket of the world's five major currencies: the US dollar, euro, yuan, yen, and British pound. The Special Drawing Rights (SDRs) is a stable asset in countries' international reserves as well as an accounting unit for IMF transactions with member countries.
The IMF can manage the exchange rate volatility of any single currency by holding this basket of major currencies.
To learn more about Special Drawing Rights (SDRs), visit:
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The three L's of power was loot, land, and labor
Answer:
true
Explanation:
Loyalists were the American colonists who did not want independence from Great Britain but instead they remained 'loyal' to the Crown. James Wright, the Royal Governor of Georgia, was exiled (expelled basically) following the American capture of Savannah in 1775 but returned to power around 1778-1782. -kl
hope this helped and yes thats my initials
So he could warn the minute men that the British were on their way to take the weapons cache from the colonists.