Finance is a branch of economics that deals with money matters. In layman’s terminology, finance can be understood as the management of money. However, technically speaking, finance entails the very action of allowances, assortments, issuance, budgeting, saving, allocation, administration, sharing, etc., of assets and liabilities, individually or through an organization. Finance is classified into three categories, i.e., public or government sector finance, corporate sector finance, and personal finance.

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