Which of the Following Was a Criterion to Participate in the European

Multiple Choice

Which of the following was a criterion to participate in the European Monetary Union?

A) The country's inflation rate must be less than or equal to 1.5 percentage points above the average inflation rate for the three lowest inflation EU countries.
B) The country's budget deficit must be lesser than 10 percent of the value of its GDP.
C) The gross government debt must be lesser than 100 percent of its GDP.
D) The country's exchange rates must be maintained within the ERM bands with no realignments during at least the previous 10 years.