Official reserve assets

Describe the official reserve assets and some of its important components.

E

Expert

Verified

Official reserve assets are those financial assets which may be used as an international means of payments. Presently, components of the official reserve assets are as follows: 

a) Foreign exchanges, 

b) Gold,

c) Special drawing rights (SDRs), and 

d) Reserve positions with the IMF. 

Foreign exchanges are by far the main official reserves.

   Related Questions in Financial Accounting

  • Q : What bid price per widget should you

    You are required to submit a bid to supply 200,000,000 widgets per year to the State of Illinois for the next five years. Your company has an idle tract of real estate that cost $1,500,000 ten years ago; if your company sold the land

  • Q : Types of international banking offices

    List different types of the international banking offices.

  • Q : Evaluation of political risk State the

    State the factors you would consider in the evaluation of the political risk related to the making of FDI in the foreign country?

  • Q : Asian firms building the production

    Since NAFTA was developed, several Asian firms particularly those from the Korea and Japan has made the extensive investments in the Mexico. Why do you think these Asian firms decided to build the production facilities in the Mexico?

  • Q : Explain production budget Give a short

    Give a short introduction of the term ‘production budget’?

  • Q : China emerged as the important

    Explain facts that China has emerged as the second most imperative recipient of the FDI after United States in recent years?

  • Q : Case study of a pharmaceutical group in

    The XYZ Group, a supplier of pharmaceutical equipment, systems and services, has its head office in London and primary production facilities in the US. The company also has a successful subsidiary in South Africa, which was established in 1990. XYZ South Africa does n

  • Q : Time draft Explain how does time draft

    Explain how does time draft become a banker’s acceptance?

  • Q : Depriciation techniques What are the

    What are the merits and demerits of the techniques shown below of depreciation? • Straight line process • Reducing balance process• Revaluation process • Usage process &b

  • Q : Motivations for counterparty to enter

    Specify the basic motivations for the counterparty to enter into the currency swap.

©TutorsGlobe All rights reserved 2022-2023.