The ECB, Like the U

question 141

Multiple Choice

The ECB, like the U.S. Federal Reserve, is ______, and unlike the U.S. Federal Reserve, is not ______.

• A) independent; a lender of last resort
• B) subject to scrutiny by the legislature; able to lend to large corporations
• C) dependent on congressional approval for its policies; committed to price stability
• D) able to lend to member governments; able to lend directly to banks