The capital allocation process involves the transfer of capital among different entities that include individuals, small businesses, banks, financial intermediaries, companies, mutual funds, and other market participants. In a developed market economy, capital flows freely between entities that want to supply capital to those who want 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 Indirect Transfers through Investment through Financial Banks Intermediaries Direct Transfers o O Scenario California Public Employees' Retirement System (CalPERS) manages pension and health benefits of California public employees and retirees. CaIPERS collects money from its participants and creates a pool of assets. It manages these assets by making investments across domestic and international markets. Israel launched a 10-year global bond issue of $1.5 billion in early 2009. Leading investment banks, such as Citigroup, Deutsche Bank, and Goldman Sachs, managed the deal. (Source: Reuters.com, Mar. 18, 2009.) Steve's grandfather loans him $30,000 to start a small coffee shop in the East Village in Manhattan A small startup firm has each of the partners contribute $50,000 in capital to help the company make payroll for the next three months. O O o