Finance is the study and management of money, assets, investments, and financial systems. It involves activities such as budgeting, investing, lending, and risk management. Personal finance focuses on individuals’ financial decisions, while corporate finance addresses businesses’ financial strategies. Public finance deals with government expenditures and revenue. Financial markets, institutions, and instruments facilitate the flow of capital. Key concepts include financial planning, analysis, and the time value of money. The field incorporates various disciplines like economics and accounting. Financial literacy is essential for informed decision-making. As a dynamic field, finance plays a vital role in economic development and individual wealth management.
A fixed deposit is an investment of your savings to earn a higher rate of return than a regular savings account. It is offered by banks and NBFCs (Non Banking Financial Companies). A fixed deposit has the lowest risk in the portfolio of investment. Money is invested in a fixed deposit with a lock in … Read more