Solved

When a Country Joins the International Monetary Fund, the Country

Question 12

Multiple Choice

When a country joins the International Monetary Fund, the country is assigned a quota, or Subscription fee. At the present time, this quota is paid


A) entirely in the country's own currency.
B) 25 percent in gold and 75 percent in the ountry's own currency.
C) 25 percent in internationally acceptable currencies ("hard currencies") and 75 percent In the country's own currency.
D) 75 percent in internationally acceptable currencies ("hard currencies") and 25 percent In Special Drawing Rights (SDRs) .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions