Consider the following statements 1 The Eurozone officially called the Euro area is a...........

Economic Affairs Money Supply and Monetary Policy

Consider the following statements:

1. The Eurozone, officially called the Euro area is an economic and monetary union (EMU) of 18 European Union (EU) member states that have adopted the Euro as their common currency

2. Monetary policy of the zone is the responsibility of the European Central Bank (ECB) which is governed by a President and a board of the heads of national central banks

3. Denmark and England are not officially members of this union

Which of the statements are correct?

1, 2 & 3

Only 1 & 2

Only 1

Only 1 & 3

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