The mandate for the monetary policy goals that has been given to the European Central Bank is an example of a mandate. Question 6 options: A) hierarchical B) primary C) secondary D) dual

A. Hierarchical

Explanation: When objectives or goals are clearly outlined in order of importance, with the primary objective being at the top of the pile while it's success or attainment paves the way for the execution of other potential objectives which could be viewed as subordinate objectives or mandate. Hence we have an hierarchical mandate.

The mandate for the Monetary policy goals given to the European Central Bank which places the it's main objective on the attainment of price stability and the achievement

could subordinate the pursuit of other potential objectives.

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