The functional significance of the N2 in go/no-go tasks was investigated by comparing electrophysiological data obtained from two tasks: a go/no-go task involving both response inhibition as well as response conflict monitoring, and a go/GO task associated with conflict monitoring only. No response was required to no-go stimuli, and a response with maximal force to GO stimuli. The relative frequency of the go stimuli (80% vs. 50%) was varied. The N2 peaked on both no-go and GO trials, with larger amplitudes for both signals when presented in a context of frequent (80%) go signals. These results support the idea that the N2 reflects conflict monitoring not response inhibition.