The equivalent of the Federal Reserve System in Europe is known as the:

Question

Quizplus · Accepted Answer

The European Central Bank (ECB) serves as the central bank for the Eurozone countries and is responsible for conducting monetary policy, maintaining price stability, and regulating the banking system. It is the equivalent of the Federal Reserve System in the United States. The other options, such as the European Union, Bank of London, European Council, and Swiss Bank Corporation, are not directly responsible for monetary policy and banking regulations in Europe.

The Equivalent of the Federal Reserve System in Europe Is