Which of the Following Is Not a Major Achievement of the European

question 2

Multiple Choice

Which of the following is not a major achievement of the European Union (EU) ?

• A) It abolished tariffs and quotas among its member nations.
• B) It liberalized the movement of capital and labor among its member nations.
• C) It created common policies in agriculture, transportation, and business practices among its members.
• D) It established a common fiscal policy among its member nations.

---

Definitions:

Promissory Note

A financial document in which one party promises in writing to pay a determinate sum of money to another party under specific terms.

Principal

The face amount of the note.

Promissory Note

A written promise to pay a specified sum of money to a designated person at a fixed or determinable future time.

Creditor

Someone who has a claim to assets.