The European counterpart of the Federal Reserve is called the ________.
A) European Union Reserve
B) European Central Bank
C) European Reserve Bank
D) European Reserve

Question

Quizplus · Accepted Answer

The European Central Bank (ECB) is the central bank of the European Union and is responsible for promoting price stability within the euro area. It was established in 1998 and is based in Frankfurt, Germany. The other options listed are not correct names for the European counterpart of the Federal Reserve.

The European Counterpart of the Federal Reserve Is Called the ________