Then fill in the following table in terms of type of claim (debt/equity), maturity (money market/capital market), risk (low/high/highest), and liquidity (low/medium/high). Identify a type of financial institution or other participant in the financial market (individuals, government, and business) that are most likely to borrow using these instruments, and a type of institution or other participant that are most likely to lend using these instruments.

1. Commercial Paper, (2) Corporate Bonds, (3) Residential Mortgages,(4) Municipal Bonds, (5) Repurchase Agreements (REPO), (6) US Treasury Bills