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Question about functions of financial markets

What are the functions of the major financial markets? What is the difference between the primary and secondary markets? What is the difference between the capital markets and the money markets?

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The financial markets are the places where financial instruments are traded. Financial instruments have no intrinsic value of themselves. They represent a claim over real assets or a future income stream. The four main financial markets are the foreign exchange market, the fixed interest or bond market, the share or ...

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This solution is comprised of a detailed explanation to answer what are the functions of the major financial markets, what is the difference between the primary and secondary markets, and what is the difference between the capital markets and the money markets.

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