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Regarding the International Monetary Fund, which one of the following statements is correct

Regarding the International Monetary Fund, which one of the following statements is correct?

(a)

It can grant loans to any country.

(b)

It can grant loans to only developed countries.

(c)

It grants loans to only member countries.

(d)

It can grant loans to the central bank of a country.

Answer:

(c)

IMF provides loans and financial assistance only to its member countries, which are subject to economic criteria and conditions.