Question: In 1,000 minimum word Microsoft Word document in APA (6.0) format, respond to the following questions.
You must include at least three outside references/citations (in addition to the textbook).
Book Reference: Hubbard, R. G., O'Brien, A. P. Money, Banking, and the Financial System. 2nd Edition. Boston MA.
Ensure your essay has a title and reference page formatted in APA.
Add Introduction and Conclusion.
1. What is the purpose of the capital market? How do capital market securities differ from money market securities in their general characteristics?
2. Using the Gordon growth model, explain why the 2001 terrorist attacks and the Enron financial scandal caused stock prices to decline.
3. Describe the sequence of events in a financial crisis and explain why they can cause economic activity to decline.