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Functions of finance

Updated: 10/10/2023
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9y ago

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The main functions of finance are: to raise capital to operate a business; to make the best use of resources to reach objectives and expect returns; to manage the cash flow of the company between its liabilities and assets; to perform good financial management, etc. Finance and its proper management is the backbone of any business.

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9y ago
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9y ago

Financial institutions have several functions within the economic system. They provide loans and credit to individuals and businesses. They also provide savings and investment tools.

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