What Is The Meaning,function And Characteristics Of Finance?


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Katie Harry answered
Finance is basically a field of study which deals with money, stocks, and assets, keeping the risk and time in view. In finance, risk and time are two things that are the most significant and are inter-related with each other.

The most important function of finance is the management of money and the deliverance of financial services. Other than these finance studies money and assets and how to control these and then use them when the time is right, thus keeping the risk in view. Evaluating and understanding risk is an important characteristic of finance.

The two main areas of finance are corporate finance and personal finance and both of these have different characteristics. Personal finance deals with the credit, borrowings, and savings of an individual while Corporate finance deals with the financial strategies of a business and with portfolio management for a business.

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