An agreement among countries to adopt a common currency is called a
A) central bank consolidation.
B) currency union.
C) monetary compact.
D) common banking treaty.

Question

Quizplus · Accepted Answer

A currency union is an agreement among countries to adopt a common currency, such as the Eurozone. Central bank consolidation refers to merging multiple central banks into one, a monetary compact is a general term for an agreement on monetary policy, and a common banking treaty is an agreement to regulate banking practices.

An Agreement Among Countries to Adopt a Common Currency Is