Finance for managers - Harward Business Essentials

Just I grabbed book from library for understanding the basics of Banking. I read two concepts.

Money Markets
It is the way for companies to generate money for short term purpose.

Generally less than One year.

Companies will release bonds with the interest rate higher than the current
federal rate.

It can be bought and sold in secondary market (will explain later)

Capital Markets

It is the way to generate money for long term,such as securities,long term bonds.

Release through IPO.


Role on Investment Bank

It has interesting role of brokering IPO, acquisition. It works out pricing for IPO . IPO will happen after workshop or road show from the company to the investor groups. After IPO ,securities will be available in secondary market such as NASDAQ.
e.g Goldman Sacs,Calyon financials.

Please correct me any of my understanding is wrong.