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Questions and Answers
What is the origin of the word 'finance'?
What is the origin of the word 'finance'?
- Originating from a French word indicating investment.
- Derived from an ancient Greek term meaning to manage.
- Derived from the Latin word 'finer' meaning 'to end' or 'to pay'. (correct)
- Stemming from an old English word related to wealth.
What does finance primarily deal with?
What does finance primarily deal with?
- The theoretical aspects of economic growth.
- The historical evolution of currency and trade.
- The operational and practical side of managing wealth. (correct)
- The moral implications of financial decisions.
Which of the following best describes a key aspect of finance?
Which of the following best describes a key aspect of finance?
- Cultural influences on spending habits.
- Joint ventures in agricultural economics.
- Efficient acquisition and utilization of scarce money resources. (correct)
- Theoretical models predicting future market crashes.
How is finance related to economics?
How is finance related to economics?
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What is one of the main functions of finance?
What is one of the main functions of finance?
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Study Notes
Definition of Finance
- Originates from the Latin word "finer," meaning "to end" or "to pay," indicating the completion of financial transactions.
- Represents the operational dimension of economics, focusing on practical aspects of wealth production and distribution.
- Involves efficient management and allocation of limited monetary resources, emphasizing the importance of scarcity in finance.
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