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

You go to an auto dealer and buy a new car. You drive the car home immediately after making the payment.

Description of Transaction

Type of Market

A company agrees to buy copper from a seller in Chile at a certain price at the beginning of next year. Both companies sign a contract that locks in a future price at which the trade will take place.

Description of Transaction

Type of Market

Sheila saves $$10,000$ and buys a certificate of deposit $($CD$)$ that will mature in six months.

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 $.$