Which of the following is NOT a responsibility of the European System of Central Banks:
A) To define and implement the common monetary policy of the EU
B) To define and implement the common fiscal policy of the EU
C) To conduct foreign exchange operations
D) To hold and manage the official foreign exchange reserves of the euro member states

Question

Quizplus · Accepted Answer

The responsibility of defining and implementing the common fiscal policy of the EU falls under the purview of the European Union, not the European System of Central Banks. The other options are all responsibilities of the European System of Central Banks.

Which of the Following Is NOT a Responsibility of the European