Finance

Finance is the management of money, providing funds and investing in a business. Banking is a process which helps to safeguard others money, lend loans, and make transactions. The literal meaning of finance is crediting money for someone. This might include lending loan to a person or a company according to their need. The basic services of banks may include cheque payments, credit cards, consultancy, remitting funds, advancements of loans, checking accounts, saving bank accounts and many more. Benjamin Franklin invented the concept of insurance. It is a scheme or process which helps people to protect themselves from financial loss. There are many types of insurance like car, bike, health and many more. It helps as a financial tool during crisis and is an important for economical development. Keeping the basics of finance in a proper manner helps the company to grow and run effectively.