Question

As it relates to the European Union, what is the ECB?

The Euro Currency Board, responsible for pegging exchange rates.

The European Central Bank, responsible for monetary policy within the European Union.

The European Currency Bureau, responsible for issuing the euro.

The Economic Council of Banks, responsible for oversight of the European banking industry.

Answer 1

The European Central Bank, responsible for monetary policy within the European Union.

Step-by-step explanation:

The correct answer is option b as ECB stands for european central bank which looks after the monetary policy in the european union. This is the central bank for those nations within the European Union that have adopted the euro as official currency.