Explain briefly the history, functioning and mandate(s) of the of the U.S. central banking system. Why did I refer to it as "The B I G Bank"? What did I mean with the acronym, BIG-M bank? In what ways does it differ from some of other central banks around the world (briefly)? 

What are the major jobs/functions of the U.S. central banking system in the economy. Evaluate briefly some of the successes and failures of the U.S. central bank over the last 100 years?