Comparing the European and the U.S.central bank systems, the Governing Council of the European system resembles:

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Quizplus · Accepted Answer

The Governing Council of the European system is most similar to the Federal Open Market Committee (FOMC) in the U.S. Both bodies are responsible for setting monetary policy and making key decisions related to interest rates and the overall management of the economy. The Board of Governors and the Chairman of the Board of Governors of the Fed are also important decision-makers in the U.S. central bank system, but they do not have the same role as the Governing Council/FOMC in terms of setting policy. The Presidents of the Regional Federal Reserve Banks are also important figures within the U.S. central bank system, but they do not have a direct counterpart in the European system.