𝘿𝙚𝙛𝙞𝙣𝙖𝙩𝙞𝙤𝙣:
- In simple words finance is a system of study regarding the management, creation, circulating money and investment is called as finance.
- It involved use of credit and debit, Securities and investment to finance current flows.
- Because of this temporal aspect, finance is closely linked to the the time value of money, interest rates and other related topics.
- Finance is mainly has three types but also there more specific categories of finance.(such as Behavioral finance, Social finance, Psychological finance which seeks to identify the cognitive also Emotional finance.)
- The categories of Finance broadly devides: 1) Public Finance. 2) Corporate Finance. 3) Personal Finance.
- Finance is the term which broadly describe study of money and system that makes you understand all about investment, and other financial instruments.
- It is broadly has distinct three categories (Public Finance, Corporate Finance, Personal Finance)
- some recent categories is social Finance and Behavioral Finance.
- It has history of Finance and Financial activities which is dates back to down of civilization.
- Finance is also have some scientific field root, such as statistics, economics and mathematics, and have some non -scientific elements that liken an art.
KEY POINT TAKEAWAY: In simple words finance is a system where study of investing, earning and other financial terms.
broadly it has three types and recently discover more types of finance.
Finance has a great history from dates back to dawn to now recent world.
It also have some roots in scientific world.
history can be different in related to all different countries.
study of economics is also somehow involved financial facts study.
All countries have their own history of finance.
𝙃𝙞𝙨𝙩𝙤𝙧𝙮 𝙤𝙛 𝙛𝙞𝙣𝙖𝙣𝙘𝙚:
- Finance has history which dates back to dawn of civilization.
Ｅxtra point have to know about related to finance:{Asset, liability, balance sheet, cash flow, compound interest, Equity, Liquidity, Profit are some of Finance key terms you should familiar to these}
𝙃𝙄𝙎𝙏𝙊𝙍𝙔 𝘽𝙀𝙃𝙄𝙉𝘿 𝙁𝙄𝙉𝘼𝙉𝘾𝙀 𝙏𝙀𝙍𝙈
- Arose in the 1940’s and 1950’s as a study of theory and practice distinct from the field of economics with Harry Markowitz, William F. Sharpe, Fischer Black and Myron Scholes to name just some of particular realms. *𝙧𝙚𝙖𝙡𝙢𝙨(The area of interest and activity called realms.)
- Such as Banking, Landing and Investing of course, money itself. Have been around since the dawn of civilization in some form or another.(The time when something began or first appear is the dawn of civilization.)
- By 12009 (BCE), cowrie shells were used as a form of money in china. It is a coined money.
- It was introduced as first millennium (BCE). King Croesus of Lydia (Now Turkey) was one of the first strike and circulate gold coins around 564 (BCE) Hence, expression, “Rich as Croesus”.
- In ancient Rome, coins were stored in basement of temples as priests or temple workers were considered the most honest, devout and safest to safeguard assets.
- Temple also loaned money, acting as financial centers of major cities. 𝙀𝘼𝙍𝙇𝙔 𝙎𝙏𝙊𝘾𝙆𝙎, 𝘽𝙊𝙉𝘿𝙎 𝘼𝙉𝘿 𝙊𝙋𝙏𝙄𝙊𝙉𝙎.
- Belgium claims to be first exchange, with exchange in Antwerp dating back to 1531.
- During 16th century, the East India Company become the first publicly traded company as it is issued stock and paid dividends on proceed from its voyages.
- The London stock exchange was created in 1773 and followed by the New York stock exchange after 20 years later.
- american financial history also wide point to study.
Conclusion: In this article try to explain knowledge of finance from its definition to the types of Finance, And get know about history of Finance.
Finance is a specific system where study of money and its management is done. It divided into some types but three types are broadly categorized.
And lastly know about history of Finance it shows how much money has value in civilization. From start to now.
History of Near about all country where Early Financial activities happen is try to explain very well in this article.
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very good
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