Comparing the European and the U.S. central bank systems, the National Central Banks that make up part of the European System of Central Banks resembles:

Question

Quizplus · Accepted Answer

The National Central Banks that make up the European System of Central Banks are similar to the regional Federal Reserve Banks in the U.S. Each National Central Bank represents a specific country in the euro area and is responsible for carrying out the monetary policy set by the European Central Bank. Similarly, the regional Federal Reserve Banks in the U.S. carry out the Federal Reserve's monetary policy within their respective regions.