The European Central Bank that was created with the European Monetary Union has no control over monetary policy but is responsible for clearing transactions between the countries.

Question

Quizplus · Accepted Answer

The European Central Bank (ECB) does have control over monetary policy in the Eurozone, including setting interest rates and managing the money supply. In addition to its role in conducting monetary policy, the ECB is also responsible for clearing transactions and monitoring the financial system in the Eurozone.

The European Central Bank That Was Created with the European