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Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting. Briefly discuss the THREE (3)

  1. Finance is defined as the management of money and includes activities such as investing,

borrowing, lending, budgeting, saving, and forecasting. Briefly discuss the THREE (3)

main sub-categories of finance.


  1. Public finance


  1. Corporate finance


  1. Personal finance



  1. Explain the meaning of ‘maximizing shareholder’s wealth’ as the goal of the firm.

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