Clearly distinguish between direct and indirect financing [8]

2.Discuss the merits of indirect finance to[12]

• Borrowers
• Lenders
• The national economy

3.Discuss how the notions of risk sharing and liquidity servicesbenefits both financial intermediaries and private investors. [10]

4.According to Mishkin (2007), indirect finance if often a quicker way for businesses to raise funds than direct financing, briefly explain why this is the case?[8]

5.Specify at least one financial instrument that is traded in Namibia Financial Markets for each of the following.[12]

a)Capital Market

b)Money Market

c)Primary Market

d)Secondary Market

e)Equity Market

f)Debt Markets