Drawing rights with the international monetary fund

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Reference no: EM13937884

Drawing rights with the International Monetary Fund

a. enable central banks to use up to 50 percent of their IMF quotas to acquire reserve currencies to facilitate BOP adjustment

b. refer to the General Arrangements to Borrow

c. refer to the oil facility established by the IMF

d. enable central banks to convert reserve currencies into gold with the IMF.

Please explain your answer

Reference no: EM13937884

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