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

question 2

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 18 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.

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