Define each of the following terms:

a. Spot markets; futures markets

b. Money markets; capital markets

c. Primary markets; secondary markets

d. Private markets; public markets

e. Derivatives

f. Investment banks (IBs); commercial banks; financial services corporations g. Mutual funds; money market funds h. Exchange-traded funds; hedge funds; private equity companies i. Physical location exchanges; over-the-counter (OTC) market; dealer market j. Closely held corporation; publicly owned corporation k. Going public; initial public offering (IPO) market l. Efficient markets hypothesis (EMH); arbitrage m. Behavioral finance