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Macroeconomic Impact On Business Operations 12

Macroeconomic Impact on Business Operations

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Title: Macroeconomic Impact on Business Operations

Essay Details:

Subject: Business

Author: Joyce H

Date: January 23, 2016

Level: University

Grade: A

Length: 5 / 1497

Essay text:

Monetary policy is one of the two ways the government can impact the economy. By impacting the effective cost of money, the Federal Reserve (Fed) can affect the amount of money that is spent by consumers and businesses (Investor Words, 2008). The Federal Reserve System (called the Fed, for short) is the nation's central bank. It was established by an Act of Congress in 1913 and consists of the Board of Governors in Washington, D.C., and 12 Federal Reserve District Banks. Congress structured the Fed to be independent within the government--that is, although the Fed is accountable to the Congress and its goals are set by law, its conduct of monetary policy is insulated from day-to-day political pressures...

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