In addition to the European Central Bank, the national central banks of each of the countries comprising the European Monetary Union represent the
A) eurosystem.
B) central committee.
C) budget committee
D) governing council

Question

Quizplus · Accepted Answer

The eurosystem refers to all of the institutions that participate in the formulation and implementation of monetary policy in the Eurozone, including the European Central Bank and the national central banks of each member country. Therefore, the national central banks are part of the eurosystem. The central committee and budget committee are not relevant to this context, and the governing council is a specific body within the European Central Bank.

In Addition to the European Central Bank, the National Central