European Central Bank (ECB) Is

question 48

Multiple Choice

European Central Bank (ECB) is

• A) an independent central bank controlling the deficit levels of EU member countries.
• B) an institution in charge of financial market intervention and issuance of the EURO.
• C) does not have a mandate to promote price stability in the European Union.
• D) part of the US Federal Reserve System.

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Definitions:

Land Conversion

The process of changing the use of a piece of land from one purpose to another, for example, from agricultural to residential or industrial uses.

Ethanol

A renewable fuel made from corn and other plant materials. It is blended with gasoline to increase octane levels and reduce emissions.

Alternative Energy

Energy sources that are considered alternatives to the traditional fossil fuels, such as solar, wind, and hydroelectric power.

Nuclear Power

The use of nuclear reactions to generate electricity, typically through the process of nuclear fission.