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UNIT 7 The European Central bank VOCABULARY  Public nance (n)   State bank – Central bank – Na$onal Bank  Policy      System (n):        !"# VOCABULARY  Foreign exchange rate$%  &  '  ESCB()"*+,ECB-().+/0NCBs -*+/  Bank President %1 2*+ VOCABULARY  Execu$ve board#3%4,&)')  Rela$on(/5)  !5)5)6  Supervision5)  .+)'  7)'-'/  8)'-9/  Organiza$on-/:;  Sta$s$cs-/+<=)+< VOCABULARY  7of-'/,)in*4  7'-'/  7-'/,9  -/>?  -/  -/*-'/:%@  7A)B>C  !A)-/  !A)-9/  7,+  7,D%:=)E%: European Central Bank’s organiza$onal structure F(8!G(H7 2!(F(8!G(H7 (.(F (.(F (.(F (.(F PAYMENT SYSTEM, BANKING SUPERVISION, INTERNATIONAL RELATIONS, ORGANIZATIONS, STATISTICS, BANKNOTES, INFORMATION SYSTEM . UNIT 7 The European Central bank VOCABULARY  Public nance (n)   State bank –