Which of the following is true of the IMFs credit tranche?
A. Each credit tranche is equivalent to 50 percent of the members quota.
B. A member is entitled to four credit tranches.
C. A credit tranche cannot be used to make balance-of-payments.
D. All credit tranches are subject to similar rules or conditions.
Answer:B
Which of the following is true of the IMFs credit tranche?
A. Each credit tranche is equivalent to 50 percent of the members quota. B. A member is entitled to four credit tranches. C. A credit tranche cannot be used to make balance-of-payments. D. All credit tranches are subject to similar rules or conditions.