The most independent central bank in the EU before the creation of the European Central Bank (ECB)was the
A) Bundesbank.
B) Reichsbank.
C) Swiss National Bank.
D) Reserve Bank of Austria.
E) Bank of England.

Question

Quizplus · Accepted Answer

The Bundesbank, or the Central Bank of Germany, was known for its independence and autonomy in conducting monetary policy in the EU before the creation of the ECB. It is considered to be a model for central banks around the world and was known for its focus on achieving price stability.

The Most Independent Central Bank in the EU Before the Creation