Which of the following statements concerning the Economic and Monetary Union (EMU) is INCORRECT?
A) It officially began in 1999.
B) It involves a Europe-wide monetary policy and a single currency.
C) All EU members are obligated to join the EMU.
D) Its goals include ensuring price stability and making easier the flow of goods and services among member states.
E) It is organized around a European System of Central Banks and a European Central Bank.
Correct Answer:
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