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According to the Treaty on the Functioning of the European Union, which statement accurately reflects the primary objective and institutional independence of the European Central Bank?
A
Under the pre-Lisbon framework, price stability was explicitly subordinate to supporting general economic policies, a hierarchy that remains in force today.
B
Its primary objective is to ensure financial stability, and it operates under the direct supervisory authority of the European Commission.
C
It defines and implements monetary policy jointly with the European Parliament, which must approve all interest rate decisions before publication.
D
Its primary objective is to maintain price stability, and its independence in the exercise of powers must be respected by Union institutions and Member State governments.
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