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Finance for Everyone: Decisions- Week 3

Financial systems have many functions. For example: facilitating trade or allocation of resources. The development of the financial sector and the correct management of this sector help an nation's economic growth to be much faster and more sustainable.

"Finance for Everyone"-Second Week

Thanks to "Finance for Everyone", I can now better understand financial systems. For example, I didn't know what compound interest was before. Now I know that the compound interest is the money you gain on your bank balance, plus the interest that money. I acquired financial knowledge enough to calculate compound interest on my own.

Finance for Everyone

It is necessary to have knowledge about the financial sector in order to gain the ability to understand how money is used in the world. Finance, which was not an academic discipline until 1936, has become an important part of our lives today. In this modern world we live in, we must improve our financial literacy in order to learn about the financial sector that directly affects our lives. For example: Financial management is vitally important for companies because they are set up mainly for profit. Financial policies implemented and financial decisions made by company managers directly affect the assets of a company.