Scenario: Moonland Union Twenty-Six Nations, a Through Z Countries of Moonland Region, Have

Multiple Choice

Scenario: Moonland Union
Twenty-six nations, A through Z countries of Moonland region, have decided to cooperate with one another to eliminate trade barriers among them and create Moonland Union. They are not sure, however, to what extent they want to cooperate.
-Country M wants the group to have a common currency and common monetary and fiscal policies. This level of integration is called a(n) ________.

A) free-trade area
B) economic union
C) customs union
D) common market