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How well do you know the European Central Bank (ECB)?

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How well do you know the European Central Bank (ECB)?

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Questions and Answers

Which of the following is NOT one of the ECB's primary mandates?

Promoting economic development (correct)

Stabilizing prices

Sustainable growth

Maintaining inflation levels below 2%

How often does the Governing Council of the ECB meet to assess economic and monetary developments and take its monetary policy decisions?

Three times a month

Twice a month (correct)

Once a month

Four times a month

What is the main goal of the ECB's monetary policy?

To increase the value of the Euro

To maintain inflation levels above 2%

To promote economic development

To stabilize prices (correct)

Which of the following is NOT one of the ECB's four key functions?

Promoting sustainable growth Signup and view all the answers

Which of the following countries is NOT a member of the eurozone?

Denmark Signup and view all the answers

What is the main responsibility of the ECB's Governing Council?

Assessing economic and monetary developments Signup and view all the answers

Which of the following is NOT one of the specific tasks carried out by the ECB?

Promoting financial instability Signup and view all the answers

What is the main goal of the ECB's foreign exchange operations?

To stabilize foreign exchange rates Signup and view all the answers

Which of the following is NOT one of the eurozone member countries?

Denmark Signup and view all the answers

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

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Description

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.