To Pave the Way for the European Monetary Union, the Member

question 77

Multiple Choice

To pave the way for the European Monetary Union, the member countries of the European Monetary System agreed to achieve a convergence of their economies. Which of the following is NOT a condition of convergence:

• A)keep the ratio of government budget deficits to GDP below 3 percent.
• B)keep gross public debts below 60 percent of GDP.
• C)achieve a high degree of price stability.
• D)maintain its currency at a fixed exchange rate to the ERM.

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Definitions:

Compound Name

The unique name given to a chemical substance, describing its composition and molecular structure.

Propanoic Acid

A naturally occurring organic compound with the formula C2H5COOH, used in the manufacture of various plastics and preservatives.

Line Structure

A simplified representation of a chemical structure using lines to denote chemical bonds and avoiding explicit representation of carbon and hydrogen atoms.

Butanoic Acid

A carboxylic acid with the formula C4H8O2, also known as butyric acid, with a characteristic unpleasant smell, used in the manufacturing of various esters.