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In contrast to the Fed, the ECB normally does not buy bonds outright. The normal procedure used by the ECB for manipulating the money supply has been via the so-called refinancing facilities. In these facilities, bonds are not purchased but used in reverse transactions: repurchase agreements, or collateralised loans. These two transactions are similar, i.e. bonds are used as collaterals for loans, the difference being of legal nature. In the repos the ownership of the collateral changes to the ECB until the loan is repaid.

What is the manner in which bonds are used at refinancing facilities?
Answer: repurchase agreements, or collateralised loans
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In the 16th century, Count Hieronymus Schlick of Bohemia began minting coins known as Joachimstalers (from German thal, or nowadays usually Tal, "valley", cognate with "dale" in English), named for Joachimstal, the valley where the silver was mined (St. Joachim's Valley, now Jáchymov; then part of the Kingdom of Bohemia, now part of the Czech Republic). Joachimstaler was later shortened to the German Taler, a word that eventually found its way into Danish and Swedish as daler, Norwegian as dalar and daler, Dutch as daler or daalder, Ethiopian as ታላሪ (talari), Hungarian as tallér, Italian as tallero, and English as dollar. Alternatively, thaler is said to come from the German coin Guldengroschen ("great guilder", being of silver but equal in value to a gold guilder), minted from the silver from Joachimsthal.

How did the word "taler" translate into Italian?
Answer: tallero
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Sport forms an integral part of German life, as demonstrated by the fact that 27 million Germans are members of a sports club and an additional twelve million pursue such an activity individually. Football is by far the most popular sport, and the German Football Federation (Deutscher Fußballbund) with more than 6.3 million members is the largest athletic organisation in the country. It also attracts the greatest audience, with hundreds of thousands of spectators attending Bundesliga matches and millions more watching on television.

How many members are in the German Football Federation?
Answer:
6.3 million