What are special drawing rights?
a. Known as paper gold, SDRs are based on the value of five major Western
currencies. They are to be used as a stop-gap measure to meet chronic balance of
payment deficits by countries that have currency shortfalls.
b. SDRs are the equivalent of petrodollars, and are used by OPEC countries to invest
in Western industrialized states including the United States.
c. Known as Lenin's gold, SDRs were used by communist states to facilitate trade
between each other.
d. SDRs are the guarantees that are reached between states so that exporters of a
particular product receive access to a state that imports that product under terms
as favorable as the state whose exports are most favored.
Question 2
In the run-up to WWI, the forces of nationalism proved to be stronger than the forces of socialism and capitalism that bound people and states together.
Indicate whether this statement is true or false
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