GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Finance functions are
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Raising of funds
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Planning for funds
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Allocation of Resources
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All of the above
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Explanation:
Detailed explanation-1: -Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting. There are three main types of finance: (1) personal, (2) corporate, and (3) public/government.
Detailed explanation-2: -Function #1: Facilitating Payments. Function #2: Transfer of Resources. Function #3: Risk Management. Function #4: Managing Information. Function #5: Efficient Middleman. Function #6: Pooling of Resources.
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