Which of the following is NOT a required convergence criteria to become a full member of the European Economic and Monetary Union (EMU)?
A) National birthrates must be at 2.0 or lower per person.
B) The fiscal deficit should be no more than 3% of GDP.
C) Nominal inflation should be no more than 1.5% above the average inflation rate for the three members with the lowest inflation rates in the previous year.
D) Government debt should be no more than 60% of GDP.
Answer: A
You might also like to view...
There are only four legal structures to form and operate a business
a. True b. False Indicate whether the statement is true or false
How can financial globalization be blamed for the loss of fiscal autonomy to a nation?
What will be an ideal response?
If a firm has $400,000 in credit sales and $50,000 in average account receivable, average days
collection is approximately A) 5.563. B) 292. C) 29.2. D) 45.63.
The behavior approach to leadership has several advantages. They include all but one of the following:
a. behaviors can be observed more objectively than traits b. behaviors can be measured more precisely than traits c. behaviors can be taught, whereas traits are innate d. behaviors are richer and more complex than traits