In the Governing Council,the decision of what policy to implement is made by

Question

Quizplus · Accepted Answer

The ECB Governing Council makes decisions through a consensus-based approach. This means that all members discuss and try to reach an agreement on the policy decision. If consensus cannot be reached, a vote may be taken, but this is not the primary method for decision-making. Therefore, options A and D are incorrect since they suggest that a majority vote is the primary decision-making mechanism. Option B is incorrect because the heads of national banks are not the only members of the Governing Council and do not have superior decision-making power.

In the Governing Council,the Decision of What Policy to Implement