What is the role of the Executive board members of the ECB regarding terms of service?

The correct choice indicates that Executive board members of the European Central Bank (ECB) are appointed for a specific duration of time. These appointments are typically for eight years and are not indefinite, meaning that they do not serve for life. While the members have fixed terms, they can be reappointed after their term ends, allowing for continuity and the possibility of extended service if their expertise and performance are recognized.

Understanding this structure is critical, as the terms of service are designed to maintain the stability and credibility of the ECB, ensuring that board members bring fresh perspectives while also benefiting from continuity in leadership. Therefore, the correct framing regarding their service reflects their specific term limits and the conditions of reappointment, emphasizing that their tenure is limited and structured, promoting effective governance within the institution.