A common market requires that member nations harmonize their tax, monetary, and fiscal policies, and that they create a common currency.

Name: A common market requires that member nations harmonize their tax, monetary, and fiscal policies, and that they create a common currency.
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Question

Quizplus · Accepted Answer

A common market does not require a common currency, but it does encourage the harmonization of tax, monetary, and fiscal policies. A common currency is a component of a monetary union.

A Common Market Requires That Member Nations Harmonize Their Tax