Tony Gives Sonora a Check for $500

Multiple Choice

Tony gives Sonora a check for $500. Sonora deposits it in her local bank, which transfers the check to the Federal Reserve Bank in Chicago, which transfers it to Tony's bank in Wisconsin. What type of bank is the Federal Reserve Bank in this situation?

A) A collecting bank or an intermediary bank
B) A provisional bank
C) A depository bank
D) A collecting bank, but not an intermediary bank
E) A payor bank