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special drawing rights sdrs are issued to governments by the to settle international 639672

1) Special Drawing Rights (SDRs) are issued to governments by the ________ to settle international debts and have replaced ________ in international transactions.

A) Federal Reserve System; gold

B) Federal Reserve System; dollars

C) International Monetary Fund; gold

D) International Monetary Fund; dollars

2) When the Treasury acquires gold or SDRs, it issues certificates to the ________, which are a claim on the gold or SDRs, and in turn is credited with deposit balances at the ________.

A) Federal Reserve System; Fed

B) Federal Reserve System; IMF

C) International Monetary Fund; Fed

D) International Monetary Fund; IMF

3) Which of the following are not assets on the Fed”s balance sheet?

A) Discount loans

B) U.S. Treasury deposits

C) Cash items in the process of collection

D) U.S. Treasury bills

4) Which of the following are not assets on the Fed”s balance sheet?

A) Securities

B) Discount loans

C) Cash items in the process of collection

D) Deferred availability cash items

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