Homework 1 - Yi Chen Homework 1 1 What is finance Finance...

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Yi Chen Homework # 1 1. What is finance? Finance is the study of how individuals, institutions, governments, and business acquire, spend, and manage money and other financial assets. 2. What are the three areas of finance? The three areas of finance are institutions and markets, investments, and financial management within the financial environment. 3. Briefly describe the terms entrepreneurial finance and personal finance . Entrepreneurial finance is the study of how growth-driven, performance-focused, early-stage firms raise financial capital and manage their operations and assets. Personal finance is the study of how individuals prepare for financial emergencies, protect against premature death and the loss of property, and accumulate wealth over time. 4. What are the six principles of finance? The following are the six principles that serve as the foundation of finance: Money has a time value. Higher returns are expected for taking on more risk.
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Homework 1 - Yi Chen Homework 1 1 What is finance Finance...

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