Which of the Following Is the Best Description of the Monetary

question 34

Multiple Choice

Which of the following is the best description of the monetary policy strategy followed by the European Central Bank (ECB) ?

• A)The ECB follows monetary targeting.
• B)The ECB follows inflation targeting.
• C)The ECB has a hybrid strategy with elements of both monetary targeting and inflation targeting.
• D)The ECB has a Fed-like "just do it" approach.

---

Definitions:

Old Age Security

A government-funded pension program in certain countries designed to provide a basic level of income to seniors.

Defined Pension Plans

A retirement plan where an employer promises a specified pension payment upon retirement, based on the employee's earnings history, tenure of service, and age.

Deferred Profit-sharing Plans

Retirement plans where a portion of the company's profits is contributed to the employees' retirement savings accounts, typically vested over time.

Flexible Benefit Plans

Plans that allow employees to choose from a variety of benefits to tailor their benefits package to their personal needs and preferences.