NABTEB Economics 2024 Objective — Question 48
Question 48 of 50 from the National Business and Technical Examinations Board (NABTEB) Economics 2024 Objective paper, with the correct answer and a full explanation.
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Harmonised monetary and fiscal policies is a feature of
- A. A. a free trade area
- B. B. an economic unionCorrect
- C. C. a customs union
- D. D. a common market
Explanation
Economic Union is a form of Economic Integration which involves total coordination and harmonization of the fiscal and monetary policies of different countries in the same region. An example of Economic Union is ECOWAS. The advanced stage of this is political integration.
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