The Maastricht Treaty called for:
A)the creation of an Asia Free Trade Area (AFTA).
B)the creation of an economic and monetary union in Europe.
C)Chile's acceptance into Mercosur.
D)the purchase of CDs and tapes from distributors in Europe.
E)the creation of the seven-nation European Free Trade Association (EFTA).

Question

Quizplus · Accepted Answer

The Maastricht Treaty, also known as the Treaty on European Union, was signed in 1992 and called for the creation of an economic and monetary union in Europe. This included the creation of a single currency, the euro, and a central bank (the European Central Bank) to oversee monetary policy. The treaty also established the European Union as a political and economic union with shared policies and institutions.

The Maastricht Treaty Called For