The management of money’. In present ‘Finance

20 Jun

The management of money’. In present ‘Finance

Finance can also be defined as the science of money management.
Finance is a field that deals with the allocation of assets and liabilities over time.
Finance also applies and uses the theories of economics at some level.
A key point in finance is the time value of money, which states that purchasing power of one unit of currency can vary over time.
Finance aims to price assets based on their risk level and their expected rate of return.
Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.
Best wishes.

Finance’ was originally a French word. In 18th century, ‘Finance’ was adopted by English community and added to English dictionary.

The meaning of ‘Finance’ in English is ‘The management of money’. In present ‘Finance’ is not a word only. It has a global meaning very widely. It is mingled as an academic discipline of grater significance. It corrugate the whole world of Economics. Now it is a part of Economics.

 

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