Gce Model Questions Vol1 2018 Government Question 48
Practice objective / multiple choice question 48 from the 2018 Gce Model Questions Vol1 Government examination.
In the International Monetary Fund (IMF), voting power consists of basic votes (equal for all members) plus additional votes based on a country's quota. Assume each member receives 5 basic votes. Country X has a quota of 2 % of total quotas, and each 1 % of quota confers 100 additional votes. Country Y has a quota of 5 % and each 1 % of quota confers 80 additional votes (reflecting a special arrangement). If the total number of basic votes in the IMF is 1900, calculate the percentage of total voting power held by Country X. Show your work.
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About This Question
This is Gce Model Questions Vol1 2018 Government Question 48. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Government examination.
Difficulty level: Hard .
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