When was the European Union formally established, marking the beginning of its modern evolution? 1951 1979 1992 2001 None Which of the following countries was a founding member of the European Economic Community (EEC), a precursor to the EU? United Kingdom Greece Italy Norway None The Schengen Agreement, signed in 1985, aimed to: Establish a common currency Eliminate border controls Form a common defense force Create a unified legal system None Which treaty led to the creation of the euro as the official currency of the Eurozone? Amsterdam Treaty Maastricht Treaty Lisbon Treaty Nice Treaty None The European Parliament is directly elected by EU citizens and plays a key role in: Executive decision-making National defense Legislation and budget approval Judicial proceedings None Time's up