History
When was the ECB established?
a)1998
b)1979
c)1994
1998
What is the difference between the European System of Central Banks (ESCB) and the Eurosystem?
The ESCB includes the ECB and all EU national central banks, while the Eurosystem includes only the ECB and the national central banks of euro area countries.
The ECB is located in this city.
a)Maastricht
b)Rome
c)Frankfurt
Frankfurt
Only EU member that has an Euro Opt-out
Denmark
Who is the president of the ECB?
Christine Lagarde
This body manages the day-to-day business of the ECB.
A) Executive Board
B) Supervisory Board
C) Governing Council
Executive Board
This 1992 treaty established the EU and laid the legal foundation for EMU
Treaty of Maastricht
Maximum budget deficit allowed under the Stability and Growth Pact.
A) 5% of GDP
B) 3% of GDP
C) 2% of GDP
3% of GDP
This establishment paved the way for the new common currency in 1994-1998:
a)Economic and Monetary Union
b)European Monetary Institute
c)European Monetary System
European Monetary Institute
Name one of the four convergence criteria.
Price stability, public finances, long-term interest rates, exchange rate stability