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Classify the following statement as a revenue receipt or capital receipt. Give valid reasons in support of your answer. Borrowings from the International Monetary Fund (IMF). - Economics

One Line Answer

Classify the following statement as a revenue receipt or capital receipt. Give valid reasons in support of your answer.
Borrowings from the International Monetary Fund (IMF).

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Solution

Borrowings from the International Monetary Fund (IMF) is a capital receipt. This is because borrowings creates liability for the government. 

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