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FIN ch 1 learning obj

FIN ch 1 learning obj - 6851_BROOKS_SUM_CH01.qxp 9:46 AM...

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Describe the cycle of money, the participants in the cycle, and the common objective of borrowing and lending. The cycle of money is the movement of money from lender to borrower and back again. It is often accomplished through a financial intermediary like a bank. The common objective is to make both the lender and the borrower better off. LO1 Distinguish the four main areas of finance and briefly explain the financial activities that each encompasses. The four main areas of finance are corporate finance, invest- ments, financial institutions and markets, and international finance. Corporate finance supports the operations of a com- pany. Investments are the activities centered on buying and selling stocks and bonds. Financial institutions and markets are the organizations that promote the cycle of money and the buying and selling of financial assets. International finance is concerned with the multinational element of finance activities.
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