"Finance" is a broad term that describes two related activities: the study of how money is managed and the actual process of obtaining the funds needed. Because individuals, businesses and government agencies all need money to operate, the field is often divided into three sub-categories: personal finance, corporate finance and public finance.
All three categories are concerned with activities like chasing a sound investment, cheap credit, allocate funds for liabilities, and banks. For example, individuals need to provision for pension costs, which means investing enough money during their working lives and ensure that they match the asset allocation of their long term plans. Investment banks can advise companies on these considerations and help them market effects.
As for the public finances, in addition to managing money for day-to-day operations, a government agency also has a social responsibility is greater. The goal includes achieving equalization of income for their citizens and enforce policies that lead to a stable economy.
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