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The European Central Bank's Equivalent of the Fed's Open Market

Question 59

Multiple Choice

 The European Central Bank's equivalent of the Fed's open market operations (OMO) is: ?


A)  very similar to the Fed's OMO in that they are highly centralized.?
B)  dissimilar to the Fed's OMO in that the operations are conducted at all 19 of the National Central Banks simultaneously.?
C)  similar to the Fed's OMO in that they accept only U.S. Treasury securities in their refinancing operations.?
D)  dissimilar to the Fed's OMO because fewer banks participate in the auctions of the securities.

Correct Answer:

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