Birmingham, United Kingdom

Money, Banking and Finance

Bachelor's
Language: EnglishStudies in English
Subject area: economy and administration
Qualification: BSc
Kind of studies: full-time studies
Bachelor of Science (BSc)
University website: www.birmingham.ac.uk
Finance
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money.
Money
L’intérêt d’argent est la grande épreuve des petits caractères, mais ce n’est encore que la plus petite pour les caractères distingués.
Money is the greatest concern for small characters, but is nothing but the smallest for great characters. Nicolas Chamfort, Maximes et Pensées (Paris: 1923), #164. Nicolas Chamfort, Maximes et Pensées (Paris: 1923), #164.
Finance
There’s no longer any reason to believe that the wizards of Wall Street actually contribute anything positive to society, let alone enough to justify those humongous paychecks. ... It’s hard to think of any major recent financial innovations that actually aided society, as opposed to being new, improved ways to blow bubbles, evade regulations and implement de facto Ponzi schemes.
Paul Krugman, "Money For Nothing," The New York Times, April 26, 2009
Banking
Since those who rule in the city do so because they own a lot, I suppose they're unwilling to enact laws to prevent young people who've had no discipline from spending and wasting their wealth, so that by making loans to them, secured by the young people's property, and then calling those loans in, they themselves become even richer and more honored.
Plato, The Republic, 555c, G. Grube and C. Reeve, trans., Plato: Complete Works (1997), p. 1166.
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