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.
B
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Mateo uses a credit card issued by Big Bank. Mateo stopped paying his credit card bills and now owes Big Bank $2,000. Big Bank calls Mateo daily demanding payment and intends to file a civil lawsuit in state court. Mateo files bankruptcy on April 3rd. On April 14th, may Big Bank continue calling Mateo and file the civil lawsuit in state court?
A. Yes, Mateo has breached his contract. B. Yes, bankruptcy is federal court and the civil lawsuit will be in state court. C. Yes, unless the Trustee declares Big Bank’s claims invalid D. No, because of the Automatic Stay E. No, because of fraudulent transfers
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