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

Question

Quizplus · Accepted Answer

The Federal Reserve Bank is not a financial intermediary as it is a central bank and acts as the government's banker rather than an intermediary between savers and borrowers. Citibank, Schwab mutual funds, and Hartford Insurance are all financial intermediaries as they take in funds from savers and provide them to borrowers through various channels such as loans or investments.

Which of the Following Is NOT a Financial Intermediary