Which of the following is one of the convergence criteria that countries needed to satisfy to join the Eurozone?

Question

Quizplus · Accepted Answer

One of the convergence criteria countries needed to satisfy to join the Eurozone is a total government debt of no more than 60% of GDP in the previous year. A is incorrect as the requirement was only 2 years in the ERM band without devaluation. B is incorrect as the government deficit should be no more than 3% of GDP. D is incorrect as a moderate rate of inflation is considered healthy for economic growth.

Which of the Following Is One of the Convergence Criteria