Which of these is NOT a financial intermediary?
A) Citibank
B) Schwab mutual funds
C) Hartford Insurance
D) Federal Reserve Bank

Question

Quizplus · Accepted Answer

Federal Reserve Bank is not a financial intermediary as it is a central bank that regulates monetary policy and supervises commercial banks rather than directly facilitating financial transactions between savers and borrowers. The other options, Citibank, Schwab mutual funds, and Hartford Insurance, are all financial intermediaries that provide various financial services such as lending, investing, and insurance.

Which of These Is NOT a Financial Intermediary