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Hard
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
The ECB shall be independent in the exercise of its powers and in the management of its finances, with price stability as its primary objective.
B
Prior to the Lisbon Treaty, Article 105 TEC explicitly required the ECB to subordinate its monetary policy decisions to the fiscal coordination mandates of the Council.
C
The European Commission shall define and implement the monetary policy of the Union to support general economic policies.
D
Under Article 219, the ECB's independence is legally guaranteed to ensure it prioritises foreign-exchange operations over domestic price stability.
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