Which institution sets the monetary policy for the euro area?
Answer and explanation
Correct answer: B. The European Central Bank
- Step 1: Monetary policy for countries that use the euro is shared. Step 2. It is set by the European Central Bank. Answer: the European Central Bank. Why not the others: The Commission, the Dutch central bank and the IMF do not set euro-area interest rates alone.
Practise more Economics.
Free questions with an explanation for every one, and full timed VWO / HAVO Centraal Examen (Netherlands) mock tests.