_____ was established in 1998, and in 1999 it assumed the responsibility for monetary policy in the euro area.
A)The IMF
B)The European Union
C)The European Central Bank
D)The European Currency Board

Question

Quizplus · Accepted Answer

The European Central Bank (ECB) was established in 1998 and assumed the responsibility for monetary policy in the euro area in 1999. The International Monetary Fund (IMF) is a separate organization that works to promote international monetary cooperation, exchange rate stability, and economic growth. The European Union (EU) is a political and economic union of 27 member states, of which the ECB is a part. The European Currency Board was a monetary authority that operated in the British colonies of Malta and Cyprus from 1927 to 1933.

_____ Was Established in 1998, and in 1999 It Assumed