What is finance
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Answer:
The money you need to start or support a business
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- The management of large amounts of money, especially by governments or large companies.
- Finance is a broad term that describes activities associated with banking, leverage or debt, credit, capital markets, money, and investments.
- Basically, finance represents money management and the process of acquiring needed funds.
Examples-:
- The easiest way to define finance is by providing examples of the activities it includes. There are many different career paths and jobs that perform a wide range of finance activities. Below is a list of the most common examples:
- Investing personal money in stocks, bonds, or guaranteed investment certificates (GICs)
- Borrowing money from institutional investors by issuing bonds on behalf of a public company
- Lending money to people by providing them a mortgage to buy a house with
- Using Excel spreadsheets to build a budget and financial model for a corporation
- Saving personal money in a high-interest savings account
- Developing a forecast for government spending and revenue collection
Sources of Financial Information-:
To learn more about the industry, here are some of the most popular and helpful resources:
- Google Finance (market data, stock prices, news, etc.)
- The SEC website (company filings)
- Bloomberg news (company and industry news)
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