A monetary union represents the ____________ level of integration with a single common currency among politically independent countries.
A)first
B)second
C)third
D)fourth
E)fifth

Question

Quizplus · Accepted Answer

A monetary union is considered the fourth level of economic integration among countries, following a free trade area, customs union, and common market. It involves adopting a single common currency and coordinating monetary policies, representing a deep level of integration.

A Monetary Union Represents the ____________ Level of Integration with a Single