The chief objective of the European Central Bank is ____ in the countries of the eurozone.

a. maintaining low unemployment

b. ensuring that budget deficits do not exceed certain limits

c. maintaining price and currency stability d. none of the above

Solutions

Expert Solution

Ans.- (C)

The European Central Bank or ECB is the central bank responsible for monetary policy of those European Union member countries which have adopted the euro currency. This region is known as the eurozone and currently comprises 19 member countries.

ECB is responsible for conducting monetary policy and maintaining price and currency stability. It also supervises the commercial banks of the country.

Rahul Sunny answered 1 year ago

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