Finance is a term for matters regarding the management, creation and study of money and investments. Specifically, it deals with the questions of how an individual, company or government acquires money called capital in the context of a business and how they spend or invest that money. It, therefore, refers to the study of the securities markets, including derivatives and the institutions that serve as mediators to those markets, thus enabling the flow of money through the economy. The topic thus studies the process of channelling money from savers and investors to entities that need it. Savers and investors have money available which could earn interest or dividends if put to productive use. Individuals, companies and governments must obtain money from some external source, such as loans or credit, when they lack sufficient funds to operate. Personal finance is defined as the mindful planning of financial spending and saving, while also considering the possibility of future risk. Personal type may involve paying for education, financing durable goods such as real estate and cars, buying insurance, investing and saving for retirement.

Saket Kumar

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