$-$ An open ended managed fund invests in bonds issued by the Federal government, which needs to fund their Covid$-19$ support package to the population. The open ended managed fund raises funds by issuing units to Sunshine State Government who has a treasury surplus.

Which type of finance is it$?$

A$.$

Two separate cases of direct finance, both using financial markets for the source of funds.

B$.$

Indirect finance using the financial markets for the intermediary's use and source of funds.

C$.$

Indirect finance without the use of financial markets.

D$.$

Indirect finance using the financial markets for the intermediary's source of funds only.

E$.$

Indirect finance using the financial markets for the intermediary's use of funds only.