What is Finance?

Finance is a term that describes the **study and system of money, investments, and other financial instruments**¹. Finance can be divided into three main categories: **public finance, corporate finance, and personal finance**¹². Finance involves the use of **credit and debt, securities, and investment** to finance current projects using future income flows¹. Finance is closely linked to the **time value of money, interest rates**, and other related topics¹.