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- Finance could be described as the major category which includes all aspects related to money and its flow. It includes the concepts of creation and study of money, management of money and financial systems.
- The finance is categorized into 3 major categories – public finance, corporate finance and personal finance.
- It covers the all concept of money expenditure by government, debts , credit and debit of bonds and bills, etc. The daily cash withdrawal and deposit in banks is a part of public finance. Continue reading “Must know Financial Concepts”