The European Central Bank's Equivalent of the Fed's Open Market

question 82

Multiple Choice

 The European Central Bank's equivalent of the Fed's open market operations (OMO) is: ?

• A) very similar to the Fed's OMO in that they are highly centralized.?
• B) dissimilar to the Fed's OMO in that the operations are conducted at all 19 of the National Central Banks simultaneously.?
• C) similar to the Fed's OMO in that they accept only U.S. Treasury securities in their refinancing operations.?
• D) dissimilar to the Fed's OMO because fewer banks participate in the auctions of the securities.

---

Definitions:

Group

Three or more people who work independently to attain organizational goals.

Collectivist Culture

A social pattern that emphasizes group goals and the importance of cohesion within social or occupational groups.

Greater Good

A principle that actions or policies are considered justifiable if they benefit the majority or improve the overall situation of a community or society.

Personal Values

are the principles and beliefs that guide an individual's behavior and decision-making processes.