Which of the Following Is NOT a Required Convergence Criterion

question 32

Multiple Choice

Which of the following is NOT a required convergence criterion to become a full member of the European Economic and Monetary Union (EMU) ?

• A) National birthrates must be at 2.0 or lower per person.
• B) The fiscal deficit should be no more than 3% of GDP.
• C) Nominal inflation should be no more than 1.5% above the average inflation rate for the three members with the lowest inflation rates in the previous year.
• D) Government debt should be no more than 60% of GDP.

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Definitions:

Mobile Communications

Mobile communications involve the wireless transmission of voice and data through devices such as smartphones and tablets, enabling connectivity anytime and anywhere.

Key Technological Elements

The fundamental components or aspects of technology that drive the development and innovation within a specific field or industry.

Customization

The process of modifying a product or service to meet the specific needs or preferences of an individual customer.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.