Define each of the following terms:

1. Spot markets; futures markets
2. Money markets; capital markets
3. Primary markets; secondary markets
4. Private markets; public markets
5. Derivatives
6. Investment banking house; commercial banks; financial services corporations
7. Mutual funds; money market funds
8. Physical location exchanges; over-the-counter market (OTC); dealer market
9. Closely held corporation; publicly owned corporation
10. Going public; initial public offering (IPO) market
11. Efficient markets hypothesis (EMH)
12. Behavioral financ