Finance is the field that deals with the management, creation, and study of money, investments, and other financial instruments. It encompasses a range of activities including budgeting, saving, lending, investing, and forecasting. Finance is often divided into three main categories: personal finance, corporate finance, and public finance.
– Personal finance involves managing individual or household financial activities, such as income, expenses, savings, and investments, to achieve financial goals.
– Corporate finance focuses on the financial activities of businesses, including capital investment decisions, funding sources, and risk management to maximize shareholder value.
– Public finance pertains to the financial dealings of governments and public institutions, which includes tax collection, government spending, and the management of public debt.
Overall, finance helps individuals and organizations make informed decisions regarding the allocation of resources over time, balancing risk and return, and achieving financial objectives.
The revaluation of pensions in February 2025 will provide increases across various categories, with a 2.8% hike for contributive and state passive pensions, a 6% increase for minimum pensions, and a 9% rise for non-contributive pensions and the Minimum Vital Income. Early payment options are offered by certain banks, such as Bankinter and Caja de […]
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