A dilemma challenging the existing structure of the European Central Bank (ECB) has been brought on by: Part 2

1 answer:

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defining and implementing monetary policy. conducting foreign exchange operations. holding and managing the euro area's foreign currency reserves. promoting the smooth operation of payment systems.

<h3>What is foreign currency reserves?</h3>

Foreign Exchange Reserves are cash and other reserve assets, such as gold, held by a central bank or other monetary authority and used primarily to balance a country's accounts, influence the foreign exchange rate of its currency, and maintain financial market confidence.

Foreign exchange reserves are a country's emergency funds in the event of an emergency, such as a rapid depreciation of its currency. Countries use foreign currency reserves to maintain a fixed rate of value, maintain competitively priced exports, remain liquid in the event of a crisis, and provide investors with confidence.

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A dilemma challenging the existing structure of the European Central Bank​ (ECB) has been brought on​ by: Part 2

A dilemma challenging the existing structure of the European Central Bank (ECB) has been brought on by: Part 2