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Student Notes 1 20180116 Ch1.pdf

Student Notes 1 20180116 Ch1.pdf - Financial Institutions...

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January 16, 2018 Financial Institutions and Markets What is Finance? Finance is a system by which funds are transferred from where there is a surplus to where there is a deficit. o System: set of rules or processes o Funds: can be measured differently (normally we attach monetary value) o Transferred: something is moving around (ex. from one person to another) o Surplus: too much of something (less productive)
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