The European Union Was Created When the 12 Nations of the European

question 20

Multiple Choice

The European Union was created when the 12 nations of the European Community ratified the _____ Treaty.

• A) Kent
• B) Paris
• C) Rome
• D) Cannes
• E) Maastricht

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Definitions:

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.

Repayments

The action of paying back a loan or debt.

Capital Flight

The rapid movement of large sums of money or capital out of a country, typically to avoid economic instability or unfavorable investing conditions.

Financial Capital

Resources, including money and other assets, used by businesses to facilitate and finance their operations.