Country X Paid a Quota to the IMF Worth the Equivalent

question 90

Multiple Choice

Country X paid a quota to the IMF worth the equivalent of $50 million. Now, Country X needs to borrow money from the IMF. What is the maximum amount that Country X may borrow?

• A) $7.5 million
• B) $12.5 million
• C) $25 million
• D) $100 million

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Definitions:

West Africa

A region located in the western part of the African continent, comprising 16 countries and noted for its diverse cultures, languages, and economic activities.

Cotton Belt

describes the southern region of the United States where cotton farming was the dominant agricultural practice before the Civil War, characterized by a high concentration of slave labor.

Enslaved People

Individuals who are forcibly taken or held as property and made to work without rights or freedom.

Domestic Work

Employment in private households, often performing tasks such as cleaning, cooking, and childcare.