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What is finance?

What is finance?

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Answer #1

What is finance?

Finance is the management of money. It deals with savings and investing of money. Finance is a monetary resource of individual, corporations, and government.

The management of money by individuals is classified under Personal Finance. It involves making financial decisions regarding saving, investing, planning for retirement, etc.

The management of money by corporations is classified under Corporate Finance. It is about rasing capital through debt and equity, making decisions as to in which projects to invest, how much to invest. etc.

The government and the Federal bank make financial decisions at the country level.

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