The conditions under which European countries agreed to adopt the euro illustrate:
A) that a common currency requires a super-national central bank.
B) the required coordination of national fiscal policies.
C) the acceptance of a common inflation target.
D) all of the above.

Question

Quizplus · Accepted Answer

The adoption of the euro required the establishment of the European Central Bank (A), coordination of fiscal policies to meet convergence criteria (B), and agreement on a common inflation target (C).

The Conditions Under Which European Countries Agreed to Adopt the Euro