Wealth

What Does Finance Mean? Its History, Types, and Importance Explained

Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting. The financial system includes the circulation of money, the management of investments, and the lending of funds. In businesses, the finance team is responsible for ensuring the company’s capital is adequate, that the appropriate investments are made, and that the company’s revenues and expenses are well managed. This guide will unpack the question: What is finance?