5. Classify the market in which each of the following financial transactions takes place as: (a) money
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5. Classify 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.
a. A three-year auto loan from a bank.
b. A share of Google stock bought at its initial public offering (IPO).
c. A six-month CD purchased from your local credit union.
d. A contract for the delivery of hog bellies six months from today.
e. A municipal bond purchased from a broker.
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