Given below are two statements: Statement I: Creation and distribution of reserves in the form of Special Drawing Rights (SDRs) is one of the basic functions of the IMF. Statement II: Providing short-term and medium-term financial assistance to overcome balance of payments deficits is another basic function of the IMF. In light of the above statements, choose the most appropriate answer:

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Economics · International Financial Institutions

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Both Statement I and Statement II are correct.

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Answer 1

Statement I is incorrect and Statement II is correct.

Answer 2

Statement I is correct and Statement II is incorrect.

Answer 3

Both Statement I and Statement II are incorrect.

Answer 4

Both Statement I and Statement II are correct.

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