Categorize each transaction below according to whether it: (1) relies on financial markets (direct finance) or financial intermediaries (indirect finance), AND, (2) occurs in the primary or secondary market, AND, (3) is carried out in the money or capital market

(a) Commerce Bank makes a 10 -year loan to a student.

(b) A manager at TD Asset management (mutual fund company) purchases $20,000 of three -month Treasury bills from a commercial bank.

(c) An investor sells her previously purchased shares of Bombardier stock to someone else on TSX.