Which of the following regional arrangements requires a common currency,harmonization of members' tax rates,and a common monetary and fiscal policy?
A)Free trade area
B)Customs union
C)Common market
D)Economic union

Question

Quizplus · Accepted Answer

Like the common market,an economic union involves the free flow of products and factors of production between member countries and the adoption of a common external trade policy,but it also requires a common currency,harmonization of members' tax rates,and a common monetary and fiscal policy.

Which of the Following Regional Arrangements Requires a Common Currency,harmonization