If someone tells you he or she works in finance, it could mean any number of different things. Identify each area of finance being described in the following table. Financial Markets and Managerial (Business) Finance Financial Description Institutions Services Investments Focuses on the decisions made by firms and individuals regarding their financial asset portfolios Works for a not-for-proft business organization that accepts deposits and makes loans to members with some type of common affiliation (for example, location, employer, and so forth) Assists in the determination of whether a company should purchase new equipment or recondition its old equipment and then helps determine how the firm will pay for it Works for an organization that assists companies in raising, managing, and spending their money in order to achieve their goals Your friend, Rafael, has a job in which he helps people manage their money and plan for retirement. In which area of finance does Rafael work? Financial markets and institutions O Managerial finance O Financial services O Investments