Two of the "convergence criteria" pertaining to initial membership in the EMU were that a country's ratio of government debt to GDP must be __________ and that a country's ratio of government budget deficit to GDP must __________.
A) 60 percent or less; 3 percent or less
B) 60 percent or less; 60 percent or less
C) 3 percent or less; also be 3 percent or less
D) 3 percent or less; 60 percent or less
Correct Answer:
Verified
Q15: When a country joins the International Monetary
Q16: In the Williamson "target zone" plan, the
Q17: Do you think that "conditionality" on IMF
Q18: In its lending to member countries, the
Q19: SDRs were first introduced as a means
Q21: The "Asian crisis" of 1997-1998 importantly involved
Q22: In the Bretton Woods international monetary system,
Q23: Under the original Bretton Woods agreement,
A) countries
Q24: If a country's currency's external value is
Q25: The original monetary unit in the European
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents