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, also known as the Eurozone. The Single European Act was signed in 1986, the Copenhagen Criteria refers to a set of criteria that candidate countries must meet to join the European Union, and the Southern Common Market refers to a trade agreement between several South American countries.

The European Union Plan That Established Its Own Central Bank