The question is Please identify and explain the different financial markets, their functions, primary instruments, and the investor types.
But, my initial answer to this question would have not been initially focused on the primary and secondary markets. I actually was thinking that the financial markets consisted of places like banks or the NYSE. I was thinking this because I thought a financial market would be a firm or a group of individuals that provide those specific products that are needed. A bank can provide a loan to a company and that would be the financial market the company would go to. If a company wanted to buy stock, they would go to a financial securities market to meet their needs. But, after exhausting research on how I was thinking I began to think I was wrong. I am still a little confused at what instruments these markets would use and would love some more clarification on that. Can you help?