• Finance is a term that broadly describes the study and system of money, investments and other financial instruments.

  • Finance can be divided into three categories: public finance, corporate finance and personal finance.
  • More recent sub-categories of finance include social finance and behavioral finance.
  • The history of finance and financial activities dates back to the dawn of civilization. Banks and interest-bearing loans existed as early as 3000 BC. Coins were in circulation as early as 1000 BC.
  • Although finance has its roots in scientific fields such as statistics, economics and mathematics, finance also includes non-scientific elements that liken it to art.