Asked by Daniel Alvarez on Jul 08, 2024
Verified
Which of the following is not one of the three major areas of finance?
A) Accounting
B) Investments and financial markets
C) Financial management of companies
D) The banking system
Accounting
The systematic recording, reporting, and analysis of financial transactions of a business.
Financial Management
Financial management refers to the strategic planning, organizing, directing, and controlling of financial activities such as procurement and utilization of funds of an enterprise.
Banking System
The structural network of financial institutions, primarily banks, that provide monetary transactions such as deposits, loans, and credit.
- Achieve familiarity with the basic principles and terminology linked to financial markets and securities.
- Understand the purpose and value of financial markets.
Verified Answer
SC
Shaun ConnerJul 13, 2024
Final Answer :
A
Explanation :
Accounting is not one of the three major areas of finance. The three major areas of finance are investments and financial markets, financial management of companies, and the banking system. Accounting is a related field that deals with recording, analyzing, and reporting financial transactions.
Learning Objectives
- Achieve familiarity with the basic principles and terminology linked to financial markets and securities.
- Understand the purpose and value of financial markets.