Finance is the study and management of money, investments, and other financial instruments. It encompasses a wide range of activities, including the allocation of assets, the evaluation of risks and returns, and the planning and control of financial resources. Finance can be broadly categorized into three main areas: personal finance, corporate finance, and public finance. Personal finance deals with individual or household financial decisions, such as budgeting, saving, investing, and retirement planning. Corporate finance focuses on the financial activities of businesses, including capital investment decisions, funding strategies, and financial management. Public finance relates to government financial policies, including taxation, government spending, and the management of public debt. Overall, finance plays a crucial role in facilitating economic activities and enabling individuals, businesses, and governments to achieve their financial goals.
Amid the ongoing conflict in Ukraine, a financial battle unfolds involving nearly €300 billion of frozen Russian assets in Europe. The Central Bank of Russia sees its assets immobilized, as…