Comparing the European and the U.S. central bank systems, the Governing Council of the European system resembles the Chairman of the Board of Governors of the Fed. Presidents of the
a) European system have more power than the Chairman of the Board of Governors of the Fed.
b) European system have less power than the Chairman of the Board of Governors of the Fed.
c) European system are not involved in monetary policy decisions.
d) Chairman of the Board of Governors of the Fed has no counterparts in the European system.