One key way in which the mission of the Federal Reserve differs from the mission

ID: 2496538 • Letter: O

Question

One key way in which the mission of the Federal Reserve differs from the mission of the European Central Bank is that the Federal Reserve System:

a)manages the money supply and interest rates; whereas the European Central Bank manages only the money supply.

b)has a dual mandate: full employment and stable prices; whereas the European Central Bank focuses only on price stability.

c)manages only the money supply; whereas the European Central Bank manages the money supply and interest rates.

d)focuses only on price stability; whereas the European Central Bank has a dual mandate: full employment and stable prices.

b)has a dual mandate: full employment and stable prices; whereas the European Central Bank focuses only on price stability.

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.