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According to the Treaty on the Functioning of the European Union, which statement accurately describes the legal status and primary mandate of the European Central Bank?
A
It operates independently in the exercise of its powers and management of finances, with price stability as its primary objective.
B
The European Council defines and implements monetary policy to maintain price stability across the euro area.
C
Under the pre-Lisbon framework, national central banks retained exclusive authority over euro banknote issuance while the ECB coordinated only foreign exchange reserves.
D
The European Central Bank derives its mandate and independence directly from the Treaty on European Union, which establishes it as the primary monetary authority for the euro area.
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