1. What is the mission of a central bank? 2. What are the policy tools that central banks have? 3. Explain how monetary policy can function to achieve economic stability. What is the role of interest rates? Explain the process of how the Fed changes interest rates and how those changes encourage an appropriate increase or decrease in spending in the economy? 4. How would long-term illiquid assets and short-term liquid liabilities contribute to conditions for a financial panic