$2.$ Types of financial markets

Financial markets across economies involve various kinds of participants and trade various types of assets and securities$.$ It is important to understand the kinds of markets in which financial transactions take place.

You are preparing to take an exam in your finance class, and you$$ve been making flash cards on different markets and transactions. Indicate the markets in which each of the following transactions will be traded:

Description of Transaction

Type of Market

Helen buys $1,000$ shares of Microsoft stock through her online brokerage account.

Description of Transaction

Type of Market

An investor buys $$10,000$ worth of gold at a certain price today.

Description of Transaction

Type of Market

Abbey allocates $80\%$ of her portfolio for investments in short$-$term US Treasury bills.

Description of Transaction

Type of Market

Google filed its initial public offering worth $$2\mathrm{.}7$ billion in $2004.$

Source: CNNmoney.com, Apr. $30,2004.$

A bank purchased a credit default swap from another financial institution to protect itself against the default of one of its borrowers. In this example, the bank is $.$