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For each of the following transactions, place an X in the table to indicate whether direct or indirect financing is utilized:
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Financing Activity
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Direct
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Indirect
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Fred Flintstone borrows $20,000 to purchase a new car
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Boeing issues $500 million in 10 year bonds to finance a joint production facility in China
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Gloria deposits $10,000 in a money market fund
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Airbus North America borrows $5 million from Bank of America for working capital
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Sabre Holdings issues an Initial Public Offering (IPO) of stock
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3. Define M1 and M2
