finance.docx - WHY DO WE HAVE TO STUDY FINANCE 1 To make...

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WHY DO WE HAVE TO STUDY FINANCE? 1. To make informed economic decisions. Do you want a balanced budget, lower taxes, free international trade, low inflation, and full employment? Whatever your financial and economic goals may be, you need to be an informed participant if you wish to make a difference. Every individual should attain a basic understanding of finance as it applies to the financial system. 2. To make informed personal and business investment decisions. An understanding of finance should help you better understand how the institution, government unit, or business that you work for finances its operations. At a personal level, the understanding of investments will enable you to better manage your financial resources and provide the basis for making sound decisions for accumulating wealth over time. 3. To make informed career decisions based on a basic understanding of business finance. Even if your business interest is in a nonfinance career or professional activity, you likely will need to interact with finance professionals both within and outside your firm or organization. Doing so will require a basic knowledge of the concepts, tools and applications of financial management.
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  • Summer '18
  • sir reyes

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Christopher Reinemann
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