Economics · International Organizations

With reference to the quota system of the International Monetary Fund (IMF), consider the following statements: I. A member country's quota in the IMF is expressed in terms of Special Drawing Rights (SDRs), which also determine its voting power and access to IMF resources. II. Member countries are required to contribute the entire quota amount exclusively in their domestic currency at the time of subscription. III. The IMF conducts a general review of quotas at regular intervals, normally not exceeding a five-year period. How many of the statements given above are NOT correct?