In addition to the individual country central banks, there is the ________, which came into being on January 1, 1999, and is responsible for the implementing monetary policy for the member countries of the European Union.

Question

Quizplus · Accepted Answer

The European Central Bank (ECB) is responsible for implementing monetary policy for the member countries of the European Union. It came into being on January 1, 1999, and is independent of individual country central banks. Options A, B, and D do not accurately describe the central bank responsible for implementing monetary policy for the European Union.

In Addition to the Individual Country Central Banks, There Is