Which of the following statements about quotas in the International Monetary Fund (IMF) is false?

Quotas help determine each country’s financial contribution and voting power, and they are based partly on the size of its economy. The United States has enough voting power to block decisions that require an 85% majority, but Japan does not have enough votes to do so by itself. Therefore, the statement that both the US and Japan can block such decisions single-handedly is false.

AI-written and checked against the verified answer.