Following the introduction of the euro,the national central banks of the euro-12 nations
A)disbanded.
B)formed the ESCB,which is analogous to the Federal Reserve System in the U.S.
C)continue to perform important functions in their jurisdictions.
D)formed the ESCB,which is analogous to the Federal Reserve System in the U.S.,and continue to perform important functions in their jurisdictions.

Question

Quizplus · Accepted Answer

After the introduction of the euro, the national central banks of the euro-12 nations formed the European System of Central Banks (ESCB), which is analogous to the Federal Reserve System in the U.S. These central banks continue to perform important functions in their jurisdictions, such as managing monetary policy, issuing banknotes, and maintaining financial stability.

Following the Introduction of the Euro,the National Central Banks of the Euro-12