Which of the following is a criterion to join a single currency in the EU?
A)national debt above 60 percent of GDP
B)inflation no more than 10 percentage points above the average of the three lowest-inflation members
C)budget deficit less than 3 percent of GDP
D)balance-of-payment deficit less than 10 percent of GDP

Question

Quizplus · Accepted Answer

The criterion to join a single currency in the EU includes a budget deficit less than 3 percent of GDP. The other options mentioned, i.e., national debt above 60 percent of GDP, inflation no more than 10 percentage points above the average of the three lowest-inflation members, and balance-of-payment deficit less than 10 percent of GDP are also important aspects but are not the primary criteria for joining the single currency.

Which of the Following Is a Criterion to Join a Single