The monetary criteria for a nation to join the European Union includes all of these EXCEPT
A) having no major currency devaluation in the preceding two years.
B) maintaining annual deficits of less than 3% of GDP.
C) maintaining an inflation rate no higher than 1.5% above the average of the three member countries with the lowest inflation.
D) maintaining an unemployment rate no higher than 1.5% above the average of the three member countries with the lowest unemployment.

Question

Quizplus · Accepted Answer

The monetary criteria for a nation to join the European Union includes having no major currency devaluation in the preceding two years, maintaining annual deficits of less than 3% of GDP, and maintaining an inflation rate no higher than 1.5% above the average of the three member countries with the lowest inflation. However, there is no requirement for maintaining an unemployment rate within a certain threshold.

The Monetary Criteria for a Nation to Join the European