Finance Questions. Answer all 3 multiple choice questions

1. You have designed a new scarf that everyone seems to want. Every time you wear it, people ask, where did you get that scarf? You go home and think about starting a business, but later laugh at yourself because all you have saved is $3000. How can you possibly start a business to make these scarves? What area of finance would this question relate to? Risk Requires Compensation Corporate Finance Personal Finance Public Finance 2. Brooklyn and Queens suddenly became the hottest neighborhoods on the East Coast. Prices of homes have risen dramatically, priced so high that the average person simply can no longer afford a home. It seems no one can understand why prices of homes and also rents have gone up so much in Brooklyn and Queens. What Core Principle of Money and Banking applies to this example? Time Has Value Risk Requires Compensation Information is the basis for decision making Markets set prices & Allocate Resources. 3. A farmer who seeks financial protection in the event of a catastrophic hurricane destroying its crops involves what area of finance? Personal Finance Corporate Finance Risk Management Public Finance