Answer in not more than 75 words:
Define ‘personal financing’. Give its sources.
Differentiate between ‘equity shares’ and ‘preference shares’.
Differentiate between ‘owner’s funds’ and ‘borrowed funds’.
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Explanation:
Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.
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