Finance is defined as a science of managing funds. There are various types of finance like personal finance, business finance, public finance, etc. It involves saving of money and lending the same.  Finance is greatly affected by interrelationship between money, risk and time. Personal finance decisions cater to personal problems like sources of funds for education, car, house rents, etc. Business finance, as the name suggests, includes all those financial decisions that cater to the smooth function and long survival of an organisation. These can be short term as well as long term sources. … [Read more...]