a. What is a financial market? How are financial markets differentiated from markets for physical assets? b. Differentiate between money markets and capital markets. c. Differentiate between a primary market and a secondary market. If Microsoft decided to issue additional common stock, and an investor purchased 1,000 shares of this stock from Goldman Sachs, the underwriter, would this transaction be a primary market transaction or a secondary market transaction? Would it make a difference if the investor purchased previously outstanding Microsoft stock in the NASDAQ market?d. Describe the three primary ways in which capital is transferred between savers and borrowers. e. Securities can be traded on physical stock exchanges or in the over-the-counter market. Define each of these markets, and describe how stocks are traded in each one. f. Describe the investment banking process as it relates to initial public offerings (IPOs).