The capital allocation process involves the transfer of capital among different entities, which include individuals, governments, small businesses, banks, financial intermediaries, companies, mutual funds, and other market participants. In a developed market economy, capital flows freely between entities who want to supply it and those who want to receive it. This flow of capital can be classified in three ways. In the table below, identify the nature of capital transfer given in the scenario with its appropriate classification: Indirect Transfers through Investment Banks Indirect Transfers through Financial Intermediaries Scenario Direct Transfers W2 Corp. needs capital to finance a new product line. It borrows money in the form of long-term bonds underwritten by an investment bank. Erin borrows money from her uncle to buy a new laptop. Elliot invests $25,000 by purchasing 1,000 shares of an emerging market's mutual fund. This mutual fund invests in companies in Brazil, India, and China. He bought the mutual fund from the mutual fund company. Based in Niagara on the Lake, Ontario, Tamony is a small winery that produces ice wine. To raise capital, the company sells stocks directly to savers in the Niagara region without involving any bank or financial intermediary. O