Q49 Which of the following are reasons why external financing occurs in an economy? 1. Some individuals have more than enough money to fund their current consumption, while some entrepreneurs do not have enough money to fund their investment projects. 2. Some entrepreneurs who have enough money to fund their own projects would prefer not to put all their eggs in one basket. 3. People earn less in early and late years than in their middle years and dont want their consumption to vary in the same way.

Group of answer choices

1 and 2

1 only

1, 2, and 3

2 only