Question on: JAMB Economics - 1994
The borrowing rights of a member country of the international Monetary Fund are determined by?
A
the seriousness of the country's economic problems
B
its balance of payments position
C
its quota to the fund
D
the size of gold reserve
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Correct Option: C
The borrowing rights of a member country of the International Monetary Fund (IMF) are determined by its quota to the fund. A country's quota reflects its relative size and economic importance within the global economy, and it determines the amount of financial resources the country can access from the IMF.
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