The ________ called for banking in a single common currency,setting up of monetary and fiscal targets,and political union of the European Union members.
A)Maastricht Treaty
B)European monetary union
C)Single European Act
D)Copenhagen Criteria

Question

Quizplus · Accepted Answer

The Maastricht Treaty, signed in 1992, called for the establishment of a single currency (the Euro), the setting of monetary and fiscal targets (such as inflation and budget deficits), and political union among European Union members. The European monetary union (B) refers specifically to the creation of a single currency, while the Single European Act (C) focused on achieving a single market with the free movement of goods, services, people, and capital. The Copenhagen Criteria (D) set out conditions for countries to meet in order to join the EU.

The ________ Called for Banking in a Single Common Currency,setting