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

Mr$.$ and Mrs$.$ Smith buy a new house in Walnut Creek, California. They paid the entire amount, $$800,000,$ in cash. Physical asset markets

Description of Transaction

Type of Market

Carlos is an immigrant from Mexico to the United States. He sends $$200$ to Mexico on June $15$ at the exchange rate on that day.

Description of Transaction

Type of Market

Long$-$term mortgage$-$backed securities are traded between investors and issuers.

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 $.$