According to the authors, what is the single most important mandate of the European Central Bank?
A) Promote international trade for countries within the European Union.
B) Price, in euros, all products for sale in the European Union.
C) Promote price stability within the European Union.
D) Establish an EMU trade surplus with the United States.

Question

Quizplus · Accepted Answer

The authors state that the single most important mandate of the European Central Bank is to promote price stability within the European Union. This means maintaining a low and stable inflation rate, which is crucial for the stability of the economy and the purchasing power of consumers within the EU. Options A, B, and D are not mentioned as key mandates or objectives of the ECB.

According to the Authors, What Is the Single Most Important