The central bank resources made up of foreign currencies,gold and international drawing rights are called:
A) central bank capital.
B) official reserve assets.
C) central bank floats.
D) official bank assets.

Question

Quizplus · Accepted Answer

The resources made up of foreign currencies, gold, and international drawing rights that are held by the central bank are known as official reserve assets. These assets are used to support the stability of the domestic currency and to intervene in foreign exchange markets when necessary. Central bank capital refers to the funds that are contributed by the government or private individuals to establish the central bank. Central bank floats and official bank assets are incorrect terms in this context.

The Central Bank Resources Made Up of Foreign Currencies,gold and International