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Essay / Research Paper Abstract
A 9 page paper. What is FOMC? What is OPEC? These questions are answered. The essay then goes on to discuss how these and the political environment affect the operations of Citibank. Bibliography lists 10 sources.
Page Count:
9 pages (~225 words per page)
File: MM12_PGfomcop.rtf
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Unformatted sample text from the term paper:
have a profound effect on any company. These are forces the company is powerless to control. The political environment and the economy in the macroenvironment are also forces that a
company may only defend itself against, but not control. The FOMC is an external organization whose decisions will directly affect a company. Organizations such as OPEC also can have profound
effects upon a companys performance. These kinds of organizations may have an effect that can be compared to that of a pebble being tossed in a pond, the ripples span
out in such a way as to leave the observer unable to see the last ripple. The FOMC and OPEC may have that kind of ripple effect and it may
have a more direct impact on some companies and a more indirect impact on others. Mostly, though, both have indirect and direct effects on companies, perhaps even more direct effects
on a company in the banking industry than on companies in other industries. In order to understand the kind of effect the FOMC and OPEC has on Citibank, it is
first important to fully understand the breadth of the consequences of both these organizations. The Federal Open Market Committee (FOMC) is the most important monetary policy-making agency in the United
States (Minneapolis Federal Reserve System, 2002). It is the policy-making body of the Federal Reserve System (Minneapolis Federal Reserve System, 2002; Motley Fool Staff, 2002). The FOMC formulates the policies
that govern the Federal Reserve System, and by extension, the banking industry in the nation (Minneapolis Federal Reserve System, 2002). The Committee formulates the policies that are intended to promote
economic growth, a sustainable pattern of international trade and payments, stable prices, and full employment in the U.S. (Minneapolis Federal Reserve System, 2002). The FOMC makes the major decisions
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