Question: 1. Clearly distinguish between direct and indirect financing and explain their advantages and disadvantages. 2. Clearly distinguish between the primary and secondary finance markets for

 1. Clearly distinguish between direct and indirect financing and explain their

1. Clearly distinguish between direct and indirect financing and explain their advantages and disadvantages. 2. Clearly distinguish between the primary and secondary finance markets for shares and government bonds. 3. From the perspective of both surplus (lenders) and deficit (borrowers) economic units, clearly distinguish between debt and equity instruments. 4. What is the importance of an efficiently operating secondary market to the corresponding primary market? 1 5. What is the role of investment and merchant banks' and commercial banks? Give example of each of them

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