In the U.S.,financial intermediaries are restricted in what they are allowed to do and what assets they can hold.

Question

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Financial intermediaries such as banks and insurance companies are subject to regulations and restrictions imposed by government agencies such as the Federal Reserve and the Securities and Exchange Commission. These regulations limit the types of assets they can hold, the interest rates they can charge, and the services they can provide. These restrictions are intended to protect consumers and promote stability in the financial system.

In the US,financial Intermediaries Are Restricted in What They Are Allowed to Allowed