Once a Nation Joins the IMF They Are Able to Borrow

question 44

True/False

Once a nation joins the IMF they are able to borrow 25% of their quota each year.The first loan,which could be borrowed without any restrictions or conditions,is referred to as a credit tranche.

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Definitions:

Plantation Field Work

Labor performed on plantations, typically involving the cultivation and harvesting of crops like cotton, tobacco, and sugar by enslaved Africans and African Americans in the pre-Civil War United States.

Peculiar Institution

A euphemism once used to refer to the American system of slavery, especially in the antebellum South, highlighting its distinctive and controversial nature.

Economic Drain

A situation where wealth or resources are transferred out of an economy, often due to unfavorable trade balances, colonial exploitation, or remittances.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, transforming manual labor-based economies into ones dominated by industry and machine manufacturing.