Problem
Explain the procedure whereby the nation of Problem 2 borrowed the maximum amount allowed from the IMF in each year after it had already borrowed the maximum amount allowed in the first year under the original rules.
Problem 2
With respect to a nation with a $100 million quota in the IMF, indicate how the nation was to pay in its quota to the IMF and the amount that the nation could borrow in any one year under the original rules. How are the rules different today?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.