Every member of the IMF is required to subscribe to the fund an amountSelect one:a.Equivalent to its quotab.More than its quotac.Less than its quotad.Equivalent to its borrowings
Question
Every member of the IMF is required to subscribe to the fund an amountSelect one:a.Equivalent to its quotab.More than its quotac.Less than its quotad.Equivalent to its borrowings
Solution
The correct answer is:
a. Equivalent to its quota
Every member of the International Monetary Fund (IMF) is required to subscribe to the fund an amount equivalent to its quota. The quota is determined by the IMF based on the member country's relative size in the global economy. The quota also influences the voting power of the member within the IMF and the amount of financial resources the member can access from the IMF.
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