9 Questions
Which of the following is NOT one of the ECB's primary mandates?
Promoting economic development
How often does the Governing Council of the ECB meet to assess economic and monetary developments and take its monetary policy decisions?
Twice a month
What is the main goal of the ECB's monetary policy?
To stabilize prices
Which of the following is NOT one of the ECB's four key functions?
Promoting sustainable growth
Which of the following countries is NOT a member of the eurozone?
Denmark
What is the main responsibility of the ECB's Governing Council?
Assessing economic and monetary developments
Which of the following is NOT one of the specific tasks carried out by the ECB?
Promoting financial instability
What is the main goal of the ECB's foreign exchange operations?
To stabilize foreign exchange rates
Which of the following is NOT one of the eurozone member countries?
Denmark
Study Notes
European Central Bank (ECB)
- The ECB has three primary mandates: price stability, stability of financial system, and support to EU's economic policies
- The Governing Council of the ECB meets every six weeks to assess economic and monetary developments and take monetary policy decisions
- The main goal of the ECB's monetary policy is to maintain price stability in the eurozone
Structure and Functions of the ECB
- The ECB has four key functions: monetary policy, banking supervision, macroprudential policy, and foreign exchange operations
- The Governing Council of the ECB is responsible for setting monetary policy and making key decisions for the eurozone
Eurozone and Membership
- The eurozone consists of 19 of the 27 EU member states
- Denmark and the United Kingdom are not members of the eurozone
- The main goal of the ECB's foreign exchange operations is to maintain a stable foreign exchange market
Test your knowledge on the European Central Bank (ECB) and its role in the eurozone with this quiz. Learn about the ECB's responsibilities, functions, and policies, including how it controls the supply of the Euro currency and sets interest rates. Put your understanding of the ECB to the test with this informative quiz.
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