Questions

Ang Dorjee

A compass, which is used to assist in navigation, is an instrument that shows magnetic north. You must apply a correction to determine the direction of true north. The ability to steer a boat by a compass is useful if land is out of sight, visibility is reduced, or the boat operator is disoriented.

Mount a boat compass away from iron, magnets, and electrical wiring and equipment.

SDR means Special Drawing Rights.

SDRs are a measure of a country's reserve assets with IMF and, whereas not 'money' in the strict sense, have several characteristics of money as interest-bearing assets, store of value, and means of settling indebtedness.

International financing instrument created in 1970 by the International Monetary Fund (IMF) to coincide with the disfavor of the US dollar as the principal currency of the world trade. Also called paper gold, an SDR is neither paper nor gold but an accounting entry. It is not backed by any currency or precious metal and is used only among governments and IMF for balance Of payments settlements.

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