The main function of the 1997 Stability and Growth Pact (SGP) was ...

[lak]

The main function of the 1997 Stability and Growth Pact (SGP) was to
 
  A) exclude a highly indebted EMU country
  B) enhance cooperation between France and Germany.
  C) make the Euro a weak currency.
  D) distribute the Euro banknote among European central banks and to create a timetable for the imposition of financial penalties on countries that fail to correct situations of excessive deficits and debt promptly enough.
  E) determine specialized penalties for each member nation.

Question 2

One should expect the forward exchange market to flourish
 
  A) under a fixed exchange rate regime.
  B) under a flexible exchange rate regime.
  C) under neither fixed nor flexible exchange rate regimes.
  D) under both fixed and flexible exchange rate regimes.
  E) only under a gold standard.

[nanny]

Answer to Question 1

C

Answer to Question 2

B

[lak]

Thanks for the timely response, appreciate it

[kswal303]

Excellent