Material
direct transfers - ANS✔✔ occurs when a business sells its stocks or bonds directly to savers,
without going through any type of financial institution
underwriter - ANS✔✔ a middleman who facilities the issuance of secrutities
physical asset market - ANS✔✔ markets for products such as wheat, autos, real estate,
computers, and machinery
financial asset market - ANS✔✔ markets that deal with stocks, bonds, notes, mortgages, and
derivative securities
spot markets - ANS✔✔ markets in which assets are bought or sold for "on-the-spot" delivery
futures markets - ANS✔✔ markets in which participants agree today to buy or sell an asset at
some future date
money markets - ANS✔✔ markets for short term, highly liquid debt securities
capital markets - ANS✔✔ markets for intermediate or long-term debt and corporate stocks
primary markets - ANS✔✔ markets in which corporations raise new capital
secondary markets - ANS✔✔ markets in which existing, already outstanding securities are
traded among investors