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Among the Criteria That Countries Had to Satisfy Before They

Question 20

Multiple Choice

Among the criteria that countries had to satisfy before they could join the European Monetary Union in 2002 were:


A) total government debt had to be less than 10 percent of GDP.
B) inflation had to be less than 1.5 percent above the average inflation rate of the three European countries with the lowest inflation.
C) interest rates on openly-traded government bonds had to be less than 5 percentage points above the average rates for the three European countries with the lowest rates.
D) the government budget deficit had to be less than 10 percent of GDP.

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