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What Is Finance
What Is Finance
Division of finance
o Institutions
o Business finance management of finance in the business
o Investments
o Financial Market Were all these 3 meets. They need each other.
Make sure that the money flows. They are key for the development
of nations
A physical o virtual market in which financial assets can be
purchased or sold
Funds are transferred in financial markets.
Financial markets provide liquidity to financial assets:
o FTT
Created in 2019
Created by FTX (company)
FTX
Largest cryptocurrency trading platform
Allowed you to do everything you can do in stock markets,
but using cryptocurrency
Was declared Bankrupcy on 11/11/2022
A 50B company 2 months ago and now value 0?
FinTech (Financial Technology)
o Making Finance cheap (near 0 cost)
o Increase assets
o Used to describe new tech that seeks to improve and automate the
delivery and use of financial services
o Used to help companies, business owners and consumers better manage
their financial operations and processes.
o Low cost borrowing mortages
o Cheap mobile apps and webs that can find you a bank with a better interest
rate, etc.
o Why it is needs
Increase affordability. Creates competition with drives innovation
and even more competition
Access to the market. Brings investment, money transfers ad
affordable loans to millions around the world
Security. Enhances security as markets are descentralized.