Frequently Asked Questions
 

 

 

FOMC MEETING

   
 

Q: What is this space named "FOMC Meeting"?
A: FOMC is an acronym for Federal Open Market Committee. The Federal Open Market Committee [FOMC] Meeting is headed by Allen Greenback, the Chairman of the Federal Reserve. His department is responsible for maintaining a steady pace of economic growth. He achieves this by changing interest rates when necessary. In any case, his decision affects the entire market.

Q: Is FOMC Meeting a Secondary Trade space?
A: Yes. Any trade you make when you land on this space is a Secondary Trade.

Q: What is the "Special Die"?
A: The "Special Die" or "Interest Die" is a six-sided die. Two sides are labeled "L", which stands for "Lower Rates"; two sides are labeled "R", which stands for "Raise Rates"; and two sides are labeled "N", which stands for "No Change".

Q: What is the "Special Die" used for?
A: The Special Die or Interest Die is used to determine the outcome of the FOMC Meeting. It reflects the decision made by Allen Greenback concerning Interest Rates.

Q: How is the "Special Die" used to determine the outcome of the FOMC Meeting?
A: The Special Die is rolled along with the Numbered Die. The result of the Special Die determines the decision on Interest Rates, and the result of the Numbered Die is used to determine how much that decision affects the market.

Q: What happens when I land on FOMC Meeting?
A: When you land on this corner space, Roll the Special Die along with the Numbered Die.

There are three possible actions that affect the Market:

[L] Move Every Stock UP by 3 x Roll;

[R] Move Every Stock DOWN by 3 x Roll;

[N] Move Every Stock UP by 1 x Roll.

Q: What's an example of a player landing on FOMC Meeting and the Rates are Lowered?
A: Suppose Caroline lands on FOMC Meeting. She rolls the Special Die along with the Numbered Die and gets [L] and [9]. The Market moves UP 27 points [3 x 7].

Q: What's an example of a player landing on FOMC Meeting and the Rates are Raised?
A: Suppose Joseph lands on FOMC Meeting. He rolls the Special Die along with the Numbered Die and gets [R] and [10]. The Market moves DOWN 30 points [3 x 10].

Q: What's an example of a player landing on FOMC Meeting and the Rates are Not Changed?
A: Suppose Maggie lands on FOMC Meeting. She rolls the Special Die along with the Numbered Die and gets [N] and [3]. The Market moves UP 3 points [1 x 3].