Which term describes the European Union's member countries' single unified market in which goods, services, people and capital can move freely across borders?

• A. Pegged currency
• B. Common Market
• C. Bearer share
• D. Democratic rule

Answer: (B)

The term describes a unified market where goods, services, people, and capital can move freely across borders. That is the idea behind a Common Market—eliminating barriers to trade and allowing easy movement of production factors among member states, often with harmonized rules to support seamless cross-border activity.

Why this fits best: it focuses on creating a single, integrated marketplace within the group, not just a tariff agreement or political structure. The other options describe things that aren’t about economic integration: a pegged currency is about fixed exchange rates, a bearer share is about how ownership is documented in some securities, and democratic rule refers to governance rather than market structure.