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What is Finance?
Definitions & Classification
Definitions of Finance
According to Investopedia,
“The system or study of Creating, Circulating and Managing Money”
According to Khan and Jain,
“Finance is the Science and Art of Managing Money and Other Assets”

What is Finance?
According to the definitions, Finance is the study of
Banking,
Credit,
Capital Market,
Money Market,
Investment,
Time Value of Money etc.

Classification of Finance
Public Finance
Public finance deals with role of the government in managing financial requirements of the Government.
Collection of Taxes
Budgeting
Spending
Debt Financing Policies
To provide various services for the welfare of the nation’s people
Personal Finance
Personal finance deals with monetary decisions and activities of an individual or a family unit that includes routine planning of income and expenses.
Borrowing money on Credit to pay for something.
Corporate Finance
Corporate finance also called as financial management or Business finance.
It focuses is concerned with planning, raising, investing and monitoring of finance in order to achieve the financial objectives of the company.

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