Which of the following significant change with respect to the development of the European Union took place in January,1993,as a result of the Single European Act?
A)Becoming a single unified market by removing the restrictions on the free flow of goods,services,and resources among its members
B)Adopting a common currency for the members
C)Forming supranational fiscal and monetary agencies
D)Becoming an economic union

Question

Quizplus · Accepted Answer

The Single European Act, which came into effect in July 1987, aimed to create a single market by 1992, removing barriers to the free movement of goods, services, capital, and people across member states. This was a significant step towards deeper integration and the development of what is now the European Union. The act did not involve adopting a common currency or forming supranational fiscal and monetary agencies; those steps came later with the Maastricht Treaty in 1992 and its implementation.

Which of the Following Significant Change with Respect to the Development