Indicate if the statements about the European Central Bank (ECB) below are true
ID: 1096784 • Letter: I
Question
Indicate if the statements about the European Central Bank (ECB) below are true or false by placing them in the proper bin. True False The Federal Reserve System and the ECB have a similar design and purpose. Because of the existence of the ECB, the countries of the European Union do not have national banks. The ECB controls monetary policy in all European countries. The ECB regulates the supply of Euros. The ECB is the oldest Central Bank in existence. The ECB is relatively insulated from political pressure.Explanation / Answer
True:
The Federal Reserve System and ECB have a similar design and purpose
The ECB regulates the supply of Euros.
The ECB is relatively insulated from political pressure.
False:
Because of the existence of the ECB the countries of the European Union do not have national bank.
The ECB controls monetary policy in all European countries.
The ECB is the oldest Central Bank in existence.