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The European Central Bank

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

Who is ECB's President?

a)

Mario Draghi

b)

Mario Monti

c)

Christine Lagarde

d)

Klaus Heiner-Lehne

2.

Where is ECB located?

a)

Stasbourg

b)

Luxembourg

c)

Frankfurt

d)

Brussels

3.

ECB

a)

Ensures that financial markets & institutions are well supervised by national authorities, and that payment systems work well

b)

Ensures the safety and soundness of the European banking system

c)

Authorises production of euro banknotes by eurozone countries

d)

Monitors price trends and assesses risks to price stability

e)

All answers are correct

4.

The ECB's Governing Council comprises

a)

the governors of the national banks from Eurozone countries plus the President

b)

the governors of the national banks from European Union countries plus the President

c)

the governors of the national banks from Eurozone countries plus the members of ECB's Executive Board

d)

the governors of the national banks from European Union countries plus the members of ECB's Executive Board

5.

How many members does the Executive board have?

a)

six, one President, one vicepresident and four members

b)

six, one President, two vicepresidents and three members

c)

three, one President and two members

d)

five, one President and four Vice-Presidents

6.

What does ECB's General Council consist of?

a)

ECB's President and Vice Presidents and the governors of Central banks of all Eurozone countries

b)

ECB's Executive board and the governors of Central Banks of all the Eurozone countries

c)

ECB's Executive board and the governors of Central Banks of all the European Union countries

d)

ECB's President and Vice Presidents and the governors of Central banks of all European Union countries

7.

Which internal body defines eurozone monetary policy

a)

the Executive Board

b)

the Governing Council

c)

the General Council

d)

all answers are correct

8.

Which internal body prepares for new countries to join the Euro

a)

the Executive Board

b)

the Governing Council

c)

the General Council

d)

none of them

9.

Which internal body implements monetary policy

a)

the Executive Board

b)

the General Council

c)

the Governing Council

d)

the European Court of Auditors

10.

How is the cooperation between central banks in the eurozone called?

a)

the Central Banks system

b)

the ECB System

c)

the Eurozone

d)

the Eurosystem