What is Finance? Finance Definitions | Types of Finance

finance, types of finance

What is Finance? Finance is a term describing the study and system of money, investments, and other financial instruments. Some people prefer to divide finance into three distinct categories: public finance, corporate finance, and personal finance. There is also the recently emerging area of social finance. Behavioural finance seeks to identify the cognitive (e.g. emotional, social, and psychological) reasons behind financial decisions. Finance is a broad term that describes two related activities: the study of how money is managed and the actual process of acquiring needed funds. It encompasses the…

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