Two of the "Convergence Criteria" Pertaining to Initial Membership in the EMU

Multiple Choice

Two of the "convergence criteria" pertaining to initial membership in the EMU were that a country's ratio of government debt to GDP must be __________ and that a country's ratio of government budget deficit to GDP must __________.

A) 60 percent or less; 3 percent or less
B) 60 percent or less; 60 percent or less
C) 3 percent or less; also be 3 percent or less
D) 3 percent or less; 60 percent or less