A major step among the countries in Europe toward monetary integration occurred in the early 1990s with the Maastricht Treaty. The purpose of this was to:
A) ensure a common defense against the former Soviet Union.
B) develop a banking system modeled after the U.S. Federal Reserve System.
C) develop a common currency.
D) determine which country's money would be adopted for use by all the countries in Europe.
Correct Answer:
Verified
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