Which of the following is true for the European Central Bank (ECB)?
A)its executive board meets less often than the FOMC
B)the members of its executive board have lifetime appointments
C)it is a more decentralized system than the Federal Reserve
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

The European Central Bank (ECB) is more decentralized than the Federal Reserve, as it involves the central banks of all the member countries of the Eurozone, whereas the Federal Reserve is a more centralized system with a single central bank for the United States.

Which of the Following Is True for the European Central