The UK did not join the Economic and Monetary Union (EMU) in 2003 because it was determined that the five economic tests were not conclusively passed.

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In 2003

Question 80

Multiple Choice

In 2003,

A) the UK became a member of EMU since the 5 economic tests were passed.
B) the UK became a member of EMU despite not passing the 5 economic tests.
C) the UK did not become a member of EMU even though all 5 economic tests were shown to be satisfied.
D) the UK did not become a member of EMU since it was not clear that the 5 economic tests were passed.
E) the UK became a member of EMU after prolonged negotiations.

Correct Answer: