Question: Question 9 a) Explain what is meant by direct vs. indirect financing and the roles of financial intermediaries. (10 marks) b) Explain the characteristics of

 Question 9 a) Explain what is meant by direct vs. indirect

Question 9 a) Explain what is meant by direct vs. indirect financing and the roles of financial intermediaries. (10 marks) b) Explain the characteristics of money market and capital market instruments and provide examples. 110 marks

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