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The Maastricht criteria, also known as the convergence criteria
. The ERM II participation ensures that the country's exchange rate is stable and within a narrow fluctuation band. The candidate country should have a budget deficit no greater than 3% of its GDP.
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The Maastricht criteria, also known as the convergence criteria
The country's long-term interest rates should not exceed the average of the three best-performing EU member states by more than 2% The inflation rate should not exceed the average of the three best-performing EU member states by more than 1.5%.
ERM II
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ERM II. The fluctuation band is typically ±15% on either side of the central rate, although in exceptional circumstances, wider bands can be allowed.
PLZ to PLN
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The denomination of the Polish zloty (PLN) occurred on January 1, 1995
has high operating leverage
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has high operating leverageA business that generates sales with a high gross margin and low variable costs
has high operating leverage in software sales
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has high operating leverage. For example, a software business has greater fixed costs in developers’ salaries and lower variable costs in software sales. As such, the business

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