Determine whether each of the following is direct financing or indirect financing.(16 points)

Direct Financing Indirect Financing
lending money to a friend to start a business
taking out a loan at a commercial bank
selling stock on the stock market
selling bonds on the capital market

lending money to a friend to start a business - Direct Financing

taking out a loan at a commercial bank - Indirect Financing
selling stock on the stock market - Indirect Financing
selling bonds on the capital market - Indirect Financing