Which of the Following Is One of the Conditions That

question 28

Multiple Choice

Which of the following is one of the conditions that was set under the Maastricht Treaty and must be met before a nation could join the European Monetary Union?

• A)an inflation rate not exceeding 10 percent of the three member nations with highest inflation rate
• B)a budget surplus not exceeding 3 percent of GDP
• C)overall government debt not exceeding 60 percent of GDP
• D)the average exchange rate not increasing by more than 5% of the EMS for the 5 years before joining the union

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Definitions:

Working Backward

A problem-solving strategy where the solution is imagined first and then steps are deduced in reverse order to reach the starting point.

Well-Defined Endpoint

A clear and specific goal or outcome in a study or experiment that allows for the measure of success or failure.

Trial and Error

A problem-solving method involving repeated attempts to reach a solution, learning from failures until success is achieved.

Tool Kit

A set of tools or resources assembled for a specific purpose or task.