The production of Jψ mesons in Z0 decays is studied using 3.6 million hadronic events recorded by the OPAL detector at LEP. The inclusive Z0 to Jψ and b-quark to Jψ branching ratios are measured from the total yield of Jψ mesons, identified from their decays into lepton pairs. The Jψ momentum distribution is used to study the fragmentation of b-quarks. The production rate of ψ′ mesons, identified from their decays into a Jψ and a π+π− pair, is measured as well. The following results are obtained: ${Br(Z^{0}⌝ghtarrow {⤪ J}/ i X)=(3.9pm 0.2pm 0.3)cdot 10^{-3} {⤪ and} ↦op Br(Z^0⌝ghtarrow i ^⌕ime X)=(1.6pm 0.3pm 0.2)cdot 10^{-3}, }$ where the first error is statistical and the second systematic. Finally the Jψ sample is used to reconstruct exclusive b-hadron decays and calculate the corresponding b-hadron branching ratios and masses.