Compared to the Federal Reserve, the European Central Bank (ECB):
A. Has a smaller percentage of their liabilities in currency
B. Has a larger percentage of their liabilities in currency.
C. Has about the same percentage of their liabilities in currency.
D. The ECB does not issue currency.
Answer:A
Compared to the Federal Reserve, the European Central Bank (ECB):
A. Has a smaller percentage of their liabilities in currency B. Has a larger percentage of their liabilities in currency. C. Has about the same percentage of their liabilities in currency. D. The ECB does not issue currency.