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6. HOW DO THE FOLLOWING FIELDS OF FINANCE DIFFER? 6.1. PUBLIC FINANCE AND BUSINESS FINANCE 6.2. PORTFOLIO MANAGEMENT AND FINA
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6.1, In public finance, we study the finances of the government, It means that public finance delays with the question how government raise funds to meet its Expenses. The subject matter if public finance includes taxation, government expenditure, public borrowing and deficit financing on the economy. On the other hand business finance refers to the money one requires to establish and run a private business. Business finance includes information contained in financial documents such as profit and loss statements, balance sheets and cash flow statements.

6.2, Portfolio management is the art of making decisions about the investment mix and policy. Portfolio management is the act of creating and maintaining an investment account. Financial institutions management on the other hand refers to the management of financial institutions, which takes care of financial transactions, and other advices as to portfolio management, the functioning of financial institutions management is hugely diversified.

6.3, Financial institutions management manages the functioning of financial institutions whereas business finance is related to private businesses where individuals manages there own finance as discussed above.

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