What did the Maastricht Treaty try to accomplish?
What will be an ideal response?
The 1991 Maastricht Treaty mapped out the road to economic and monetary union within the European Union to be finalized by 1999 . The Treaty called for eliminating all remaining restrictions on the movement of capital and payments between member states and between member states and third countries; the creation of a European central bank, and the introduction of a new currency, the euro, in 1999 . The monetary union was indeed established (but not all EU countries participate).
You might also like to view...
A merchandiser uses a perpetual inventory system. The third step in the process of closing the accounts of a merchandiser is to ________.
A) make the revenue accounts equal to zero via the Income Summary account B) make the Income Summary account equal to zero via the Dividends account C) make the expense accounts equal to zero via the Income Summary account D) make the Income Summary account equal to zero via the Retained Earnings account
A parent company's investment account would include an element which is representative of :
A. the goodwill accrued since the purchase of the investee. B. the recorded current value of the investee's assets. C. the unrecorded difference between fair value and book value of the investee's assets. D. the unrecorded book value of the investor's assets.
To increase sales of Chex cereals, Ralston Purina offered a free pound of bananas to customers who bought the large-size box. This form of sales promotion is called a
A. premium. B. coupon. C. cents-off offer. D. free sample. E. money refund.
Anna Conda Landscaping service received a bill for the utilities used during September. The bill will be paid in October. The journal entry to record the utility bill received is:
A. Debit Accounts Payable; Credit Cash B. Debit Cash; Credit Utilities Expense C. Debit Utilities Expense; Credit Accounts Payable D. Debit Utilities Expense; Credit Cash