The European Union plan that established its own central bank and currency in January 1999 is known as the ________.
A) Single European Act
B) European Monetary Union
C) Copenhagen Criteria
D) Southern Common Market

Question

Quizplus · Accepted Answer

The European Union plan that established its own central bank and currency in January 1999 is known as the European Monetary Union. The Single European Act was a treaty signed in 1986 aimed at establishing a single market in the EU. The Copenhagen Criteria are a set of political and economic conditions that countries must meet to join the EU. The Southern Common Market is a regional trade organization in South America.

The European Union Plan That Established Its Own Central Bank