Each member of IMF, is assigned a quota expressed inSelect one:a.Member country's currencyb.Dollarc.Special Drawing Rightsd.None of the above

Break Down the Problem

To determine the correct answer, we need to analyze the nature of IMF quotas and the currencies associated with them.

Relevant Concepts

• The International Monetary Fund (IMF) assigns quotas to its member countries.
• Quotas are typically expressed in a specific currency.

Analysis and Detail

1. Understanding Quotas: Quotas are financial contributions that member countries make to the IMF and are intended to reflect the country's relative size in the global economy.
2. Currency Representation: The IMF quotas are generally expressed in Special Drawing Rights (SDR), which is an international reserve asset created by the IMF.
3. Options Analysis:
   • a. Member country's currency: This option is incorrect as quotas are not assigned in the local currency.
   • b. Dollar: While the IMF deals with U.S. dollars, quotas are not strictly assigned in dollars.
   • c. Special Drawing Rights: This is the correct representation for IMF quotas.
   • d. None of the above: Incorrect based on the analysis.

Verify and Summarize

After reviewing the definitions and the nature of currency representation in IMF quotas, the correct option for how IMF quotas are expressed is Special Drawing Rights.

Final Answer

c. Special Drawing Rights