| A | B |
|---|
| Money market | Financial assets traded here include short-terms CDs and Treasury bills |
| Municipal bond | a bond issued by state and local government to pay for such things as highways, state buildings, and schools |
| Par value | a bond's value, to be paid to the bondholder at maturity |
| Primary market | a market where newly issued financial assets can be redeemed only by the original holder |
| Savings bond | a bond issued by the government |
| Secondary market | a market where financial assets are allowed to be resold |
| Treasury bond | a government bond issued with a term of 30 years |
| Yield | the annual rate of return on a bond if the bond is held until it matures |
