A national central bank of a country that belongs to the European Union but does not participate in the monetary union would:

Question

Quizplus · Accepted Answer

The national central bank would be included in the European System of Central Banks (ESCB) but not in the European Central Bank (ECB) because it does not participate in the monetary union. The ESCB is made up of the ECB and the national central banks of all EU member states, whether they are in the monetary union or not. However, only the national central banks of the countries in the monetary union are members of the ECB.

A National Central Bank of a Country That Belongs to the European