The structure of the European Central Bank
A) does not allow larger countries to dominate.
B) provides for equal representation among member countries.
C) removes monetary policy control from members' central banks.
D) provides for secrecy of the opinions of individual representatives.
E) provides all of these.

Question

Quizplus · Accepted Answer

The structure of the European Central Bank (ECB) provides all of the above-mentioned features. The ECB has a decentralized structure that ensures that larger countries do not dominate, as each member state has equal representation on the Governing Council. The ECB also removes monetary policy control from the central banks of member states. Additionally, the ECB safeguards the privacy of individual members' opinions.

The Structure of the European Central Bank