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JAMB Economics 1994 Question 50

Question 50

International Economic Organisations

The borrowing rights of a member country of the International Monetary Fund are determined by

  1. A.the seriousness of the country's economic problems
  2. B.its balance of payments position
  3. C.its quota to the fund
  4. D.the size of its gold reserve
Show the answer and explanation

Answer: C (its quota to the fund)

Explanation

Each member's quota (subscription) to the IMF fixes how much it can borrow and its voting power.