Question

The ‘Convergence Criteria’ for joining the monetary union included... Group of answer choices A)the country must...

The ‘Convergence Criteria’ for joining the monetary union included...
Group of answer choices

A)the country must have taken part in the ERM for at least two years without having had to devalue its currency, its public debt should not exceed 30 per cent of its GDP or be moving in that direction, and its government deficit should be less than 6 per cent.

B)the country must have taken part in the ERM for at least two years without having had to devalue its currency, its public debt should not be below 60 per cent of its GDP or be moving in that direction, and its government deficit should be less than 3 per cent.

C)the country must have taken part in the ERM for at least two years without having had to devalue its currency, its public debt should not exceed 60 per cent of its GDP or be moving in that direction, and its government deficit should be less than 3 per cent.

D)the country must have taken part in the ERM for at least two years, its public debt should not exceed 60 per cent of its GDP or be moving in that direction, and its government deficit should be less than 3 per cent.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

D) the country must have taken part in the ERM for at least two years, its public debt should not exceed 60 per cent of its GDP or be moving in that direction, and its government deficit should be less than 3 per cent.


Criteria for Joining the Euro Zone includes:

Government deficit must not exceed 3% of GDP.
Gross government debt must not exceed 60% of GDP.
The member state must have achieved exchange-rate stability for at least two years according to the rules of the European exchange-rate mechanism, which defines the permitted levels of fluctuation.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
(1) ​Automatic stabilizers lead to: Group of answer choices ​a decrease in taxes collected by the...
(1) ​Automatic stabilizers lead to: Group of answer choices ​a decrease in taxes collected by the government during an economic expansion. ​an increase in unemployment compensation during a recession. ​Congressional action on changing the tax codes. ​none of the above (2) If disposable income rises from $15,000 to $20,000 and the marginal propensity to consume equals 0.8, then saving must increase by: Group of answer choices $400 $500 $1,000 $2,000 $4,000 (3) Consider an island country called Chabotant. Suppose that...
Use the information in the following table to answer questions 1 through 4: Exports of goods...
Use the information in the following table to answer questions 1 through 4: Exports of goods & services: $1000 Imports of goods & services: $1200 Net change in assets owned abroad: $100 Net change in foreign owned assets at home: $360 Unilateral transfers received: $130 Unilateral transfers paid: $200 Investment income paid to foreigners: $380 Investment income received from foreigners: $400 Balance on the capital account: $0 Statistical Discrepancies: $0 1. The balance on the current account is _________. A)...
6) When a country does not meet the requirements of the SGP, it is declared in...
6) When a country does not meet the requirements of the SGP, it is declared in excessive deficit by the Council. What is the sanction imposed Select one: a. Fine of 0.2 per cent of the delinquent’s GDP. Resources are frozen until the procedure is lifted b. Fine of 0.5 per cent of the delinquent’s GDP, and an additional 0.2 per cent of GDP for further non-compliance c. Fine of 0.5 per cent of the delinquent’s GDP. Resources are frozen...
3.   Which of the following would be LEAST LIKELY to be considered a long-run determinant of...
3.   Which of the following would be LEAST LIKELY to be considered a long-run determinant of consumption? (a) an external shock to the financial system; (b) attitudes toward thrift; (c) the availability and cost of credit; (d) asset holdings of households and businesses. 4.   Impacts of taxes can be felt in: (a) changes in the propensity to take on risk; (b) alterations of the work-leisure tradeoff; (c) adjustments in the capital-to-labor ratio and investment; (d) all of the above. 5.  ...
Please don't copy and paste from other website. Outline the key fiscal and monetary policy actions,...
Please don't copy and paste from other website. Outline the key fiscal and monetary policy actions, respectively, of New Zealand against the COVID-19 shocks(already outlined below) use appropriate macroeconomic models and theories covered in this course to explain their expected impacts. Discuss any limitations of these policy actions. (~600 words) TIPS: ⮚ If there are many policy actions, you could list all of them but focus on the key ones for discussion. ⮚ The government may take multiple actions (e.g....
please answer all of them i dont have enough time left, thank you 13. The ultimate...
please answer all of them i dont have enough time left, thank you 13. The ultimate purpose of fundamental stock valuation is: A. to eliminate stocks of those companies that are potential losers from the portfolio. B. to identify for purchase those companies that are fundamentally undervalued. C. to learn to identify peaks and troughs of the business cycle. D. Two of the above. 16. All of the following are disadvantages of fiscal policy, except: A. a long implementation lag....
Argentina and Ecuador: Understanding the Currency Crisis While fiscal policy is never far from the mind...
Argentina and Ecuador: Understanding the Currency Crisis While fiscal policy is never far from the mind of your average Argentine, who remembers the tough times and hyperinflation of the 1980s, the events of 2001 and 2002 have brought fiscal policy back to the forefront of public concern. Though the early 1990s may have been characterized by financial optimism, Argentina has been in a recession since Brazil's 1998 monetary crisis sent shockwaves across the regional and global markets. In early 2002,...
Multiple Choice Select the best answer from the available choices for each question. Which of the...
Multiple Choice Select the best answer from the available choices for each question. Which of the following is NOT part of the definition of a sample space S? S can be discrete or continuous Each outcome must be in S at most once Each element in S is equally likely Each outcome must be in S at least once S is a set of possible outcomes in an experiment Three A’s, three B’s, and two C’s are arranged at random...
please answer all of them, thank you 10. Some of the major coincident indicators would be:...
please answer all of them, thank you 10. Some of the major coincident indicators would be: A. money supply (M2), consumer expectations, and stock prices (S&P 500). B. personal income, employees on nonagricultural payrolls, and industrial production. C. average prime rate charged by banks, labor cost per unit of output, and commercial and industrial loans outstanding. D. All of the above are coincident indicators 13. The ultimate purpose of fundamental stock valuation is: A. to eliminate stocks of those companies...
Answer True or False: 1. Classification criteria for economic system include decision-making systems, mechanisms for information...
Answer True or False: 1. Classification criteria for economic system include decision-making systems, mechanisms for information and coordination, incentive structures, property rights, and mechanisms for public choices. 2. All economic systems can be classified as market capitalism or centrally planned socialism. 3. Generally speaking, transition economies emerging from the former Soviet Union have done least well with transition, while those of Central and Eastern Europe have done the best. 4. Capitalism relies primarily on material incentives, while planned socialism and...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT