The ECB would be unable to prevent a large banking crisis in the Eurozone because:
A) it can print money but is prohibited from lending to banks or central banks in the member states.
B) crises of such proportions would require an international effort.
C) deposits in banks in the Eurozone have FDIC insurance and are therefore out of the control of the ECB.
D) its assets are inadequate.
Correct Answer:
Verified
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