$1.$ With empirical evidence, compare and contrast Exchange Traded Marketand Over$-$the$-$Counter Market? Assuming you are working for the Bank ofNamibia Financial Markets Department as a Senior Derivative Analyst,which Derivative instrument $($s$)$ would you recommend to the BoN whichhas a low$-$risk appetite and on which market would that instrument $($s$)$ betraded on$?$ What would you recommend to policy makers and regulatorson enhancing and developing the Namibian Capital Market?Marks $(25)$