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1. Make informed economic decision. The operation of the financial system
and the performance of the economy are influenced by policy makers
2. To make informed personal and business investment decision. An
understanding of finance should help you better understand how institutions,
government units or businesses you work for invest and finance its operations
At personal level, the understanding will enable you to use financial resources
and provide the basis for making decisions for accumulations of wealth over
time. For example, the decision to spend or consume now (for new cloths or dinner at a fancy restaurant) rather than save or invest (for spending or consuming more in the future) is an everyday decision that we all face.
NatalieR answered the question on June 16, 2022 at 07:22