Under the ________________,the creation of the European Monetary Institute was created as a forerunner of the European Central Bank and monetary union.
A)Maastricht Treaty
B)European Monetary Union
C)European Currency Unit
D)European Monetary System

Question

Quizplus · Accepted Answer

The Maastricht Treaty, which was signed in 1992, created the European Monetary Institute (EMI) as the forerunner of the European Central Bank (ECB) and laid the groundwork for the establishment of the European Monetary Union (EMU), which includes the adoption of a single currency, the euro. The European Monetary System (EMS) was a precursor to the EMI and was established in 1979. The European Currency Unit (ECU) was the precursor to the euro, but it was never a fully-fledged currency itself.

Under the ________________,The Creation of the European Monetary Institute Was