Which of the Following Was Part of the Stability and Growth

Multiple Choice

Which of the following was part of the stability and growth pact that was required for countries to be part of the European Monetary Union?

A) The annual government budget must be no greater than 3% of GDP.
B) The annual inflation rate must remain within 1.5% of the three best-performing EU countries.
C) The annual government budget deficit could be no greater than 60% of GDP.
D) The annual inflation rate must remain within 5.5% of the four best-performing EU countries.