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 : Advantages and disadvantages of FDI

    State advantages and disadvantages of FDI as opposed to the licensing agreement with the foreign partner?

  • Q : Define Margin Improvement Margin

    Margin Improvement: Margins in the business remained beneath pressure, even previous to the economic downturn for the industry as an entire, returns on capital have continued under the cost of capital. Previous to the falls in the second half of the y

  • Q : Firm cross-listed on foreign stock

    Explain why and how a firm’s capital cost can be reduced when stock of firm is cross-listed on foreign stock exchanges.

  • Q : Define Budget Manual Give a short

    Give a short introduction of the term ‘Budget Manual’?

  • Q : Fundamenetal Issues on Management

    1.  Somerset Ltd manufactures components for the motor industry. In one of its workshops it has three workers, Joe, Jack and Jonny, who at any one time work on batches of the same component. The standard time allowed to produce one unit is one hour. The workers rate of pay is

  • Q : What is Triangular arbitrage What is

    What is meant by the Triangular arbitrage?  Explain about the condition which provides rise to opportunity of the triangular arbitrage?

  • Q : Liabilities and Assets in Balance Sheet

    Why Liabilities are always on the left side and Assets on right side in the Balance Sheet?

  • Q : Implications of purchasing power parity

    Explain implications of the purchasing power parity for the operating exposure.

  • Q : Case study of harvesting a tree

    Recently, a friend accused her neighbor of harvesting a tree (sapling of balsam fir, Abies balsamea) from her land without permission. Her neighbor claims that he bought it from a Christmas tree plantation (growing in a clearing down the road).  Your friend says

  • Q : Define the term Assets Define the term

    Define the term Assets in Accounting?

©TutorsGlobe All rights reserved 2022-2023.