The common monetary policy for the euro zone is now formulated by
A)the Bundesbank in Germany.
B)the Federal Reserve Bank.
C)the World Bank.
D)the European Central Bank.

Question

Quizplus · Accepted Answer

The common monetary policy for the euro zone is formulated by the European Central Bank (ECB). The ECB was established in 1998 and is headquartered in Frankfurt, Germany. Its primary objective is to maintain price stability in the euro zone by setting interest rates and implementing other monetary policy measures.

The Common Monetary Policy for the Euro Zone Is Now