One of the First Factors That Gave the European Union

question 78

Multiple Choice

One of the first factors that gave the European Union an edge over others in the process of becoming a common market was:

• A) a similarity in agriculture and monetary policies.
• B) a similarity in political systems.
• C) a similarity in languages.
• D) a well-developed transportation network.
• E) a common affiliation toward communism.

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Credit Sales

Transactions where goods or services are sold and delivered, but payment is deferred to a later date, creating receivables for the seller.

Factors Receivables

The process of selling accounts receivable to a third party (factor) at a discount in exchange for immediate cash.