EMU meaning in Accounts and Finance ?

Answer:

What is Economic and Monetary Union mean?

An economic and monetary union (EMU) is a type of trade bloc that features a combination of a common market, customs union, and monetary union. Established via a trade pact, an EMU constitutes the sixth of seven stages in the process of economic integration. An EMU agreement usually combines a customs union with a common market. A typical EMU establishes free trade and a common external tariff throughout its jurisdiction. It is also designed to protect freedom in the movement of goods, services, and people. This arrangement is distinct from a monetary union (e.g., the Latin Monetary Union), which does not usually involve a common market. As with the economic and monetary union established among the 27 member states of the European Union (EU), an EMU may affect different parts of its jurisdiction in different ways. Some areas are subject to separate customs regulations from other areas subject to the EMU. These various arrangements may be established in a formal agreement, or they may exist on a de facto basis. For example, not all EU member states use the Euro established by its currency union, and not all EU member states are part of the Schengen Area. Some EU members participate in both unions, and some in neither.

Territories of the United States, Australian External Territories and New Zealand territories each share a currency and, for the most part, the market of their respective mainland states. However, they are generally not part of the same customs territories.

reference

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Evolutionary Map of the Universe	Academic & Science
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Eastern Michigan University	Academic & Science
Economic and Monetary Union	Accounts and Finance
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External Marketable Unit	Business
Ecosystem Management Unit	Business Management
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Education For Mutual Understanding	Community
European Manufacturing Union	Community
The Electronically Mediated Urb	Community
The Economical and Monetary Union	Community
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Electrical Multiple Unit	Electronics
Terminal Emulation Data (bitcom)	File Type
Engine Monitoring Unit (GE)	General
Engine Monitor Unit (RR)	General
Even More Uncertainty	General
Extravehicular Maneuvering Unit	General
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Ecological Marine Units	General
EAP Method Update	General
Even More Unemployment	General
Engineer Muhammad Umair	General
Employees Massively Underpaid	General
Engine Management Unit	General
Eric Martsolf Unlimited	General
Electronically Measured Unit	General
Energy Monitoring Unit	Governmental
Electric Multiple-Unit Car	Governmental
Economic Monetary Union	Governmental
Emergency Mobile Unit	Governmental
Energy Matter Unit	Governmental
Electronic Monitoring Unit	Governmental
English Metric Unit	International
European Monetary Union	International Organization
English Mass Unit	Measurement Unit
Electric Multiple Unit	Measurement Unit
Early Morning Urine	Medical
Emergency Medical Unit	Medical
Emergency Medical University	Medical
Epilepsy Monitoring Unit	Medical
Experimental Military Unit	Military and Defence
European Metal Union	Regional
Engineering Model Unit	Space Science
Extended Memory Unit	Space Science
Extravehicular Mobility Unit	Space Science
East Meath United	Sports
Estimated Monthly Usage	Stock Exchange