Broad term that describes two related activities: the study of how money is managed and the actual process of obtaining the funds needed
Wednesday, 3 October 2012
Finance
Finance is the study of how investors allocate their assets from time to time under conditions of certainty and uncertainty. A key point in the financial sector, which influenced the decision, is the time value of money, which states that the unit of currency is now worth more than the same currency unit tomorrow. Finance can be divided into three different sub-categories: public finance, corporate finance and personal finance.
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