The Stability Pact Signed in 1999 by the European Nations

question 269

Multiple Choice

The stability pact signed in 1999 by the European nations that adopted the euro required each country to:

• A)balance its budget annually.
• B)keep its actual budget deficit below 3% of its GDP.
• C)keep its cyclically balanced budget below 3% of its GDP.
• D)supply a certain amount of euros each year.

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Definitions:

E-Grapevine

An electronic or digital form of informal communication network within an organization, often spreading news rapidly.

Social Networking Sites

Online platforms where individuals can create profiles, share information, and interact with friends, family, and colleagues, e.g., Facebook, Twitter, and LinkedIn.

E-Mails

Electronic messages sent over a computer network, used for communication purposes.

Cyber Connection

The linking of computers or devices via the internet, allowing for communication and data exchange.