QUESTION 1 (35 MARKS) a. Classify and state your reason for the market in which each of the following financial transactions takes place as: (a) money versus capital; (b) primary versus secondary; (c) open versus negotiated; and (d) spot versus futures/forward. The transactions below may fit in more than one of the above categories of markets. i. Ahmad visits a local bank today and secure a five-years loan to finance the purchase of a new car and some furniture. (3 marks) ii. Edruce purchase a new Singapore Treasury bill through the central bank of Singapore in a neighboring city for delivery today. (3 marks) iii. Responding to a rise in the price of Boston common stock, you have just purchased 100 shares of that company's stock through a phone call to your broker who is linked to a major stock exchange. (3 marks) QUESTION 1 (35 MARKS) a. Classify and state your reason for the market in which each of the following financial transactions takes place as: (a) money versus capital; (b) primary versus secondary; (c) open versus negotiated; and (d) spot versus futures/forward. The transactions below may fit in more than one of the above categories of markets. i. Ahmad visits a local bank today and secure a five-years loan to finance the purchase of a new car and some furniture. (3 marks) ii. Edruce purchase a new Singapore Treasury bill through the central bank of Singapore in a neighboring city for delivery today. (3 marks) iii. Responding to a rise in the price of Boston common stock, you have just purchased 100 shares of that company's stock through a phone call to your broker who is linked to a major stock exchange