The ___________________ conducts monetary policy for the twelve European countries that formed the European Monetary Union and adopted the euro as their common currency at the beginning of 1999.
A) Bank of England
B) European Central Bank
C) Bank of Europe
D) Bank of Switzerland

Question

Quizplus · Accepted Answer

The European Central Bank (ECB) is responsible for conducting monetary policy for the Eurozone countries that formed the European Monetary Union and adopted the euro as their common currency in 1999. The Bank of England conducts monetary policy for the United Kingdom, the Bank of Europe does not exist, and the Swiss National Bank conducts monetary policy for Switzerland.

The ___________________ Conducts Monetary Policy for the Twelve European Countries