What isi finance?

Answer 1

Finance is the science of funds management. The general areas of finance are business finance, personal finance, and public finance. Finance includes saving money and often includes lending money. The field of finance deals with the concepts of time, money, and risk and how they are interrelated. It also deals with how money is spent and budgeted.

Answer 2

Finance is a field that is concerned with the allocation of assets and liabilities over time under conditions of certainty and uncertainty. It includes the study of topics such as Personal Finance, corporate finance, and public finance.

Personal finance is the financial planning that an individual or a family unit undertakes to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.

Corporate finance is the financial management of a company, including the financial planning and management of the company's assets and liabilities.

Public finance is the study of the role of the government in the economy, including the collection of taxes and the provision of public goods and services.

Overall, finance involves the creation, management, and study of money and financial systems, including financial markets, financial institutions, and financial instruments.