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What is the World Bank and What Does it Do?

Anyone who watches the news is sure to have heard about the World Bank, but there may be some uncertainty as to what this institution actually is. Confusion about the World Bank is understandable as it is unlike any other bank people will be familiar with. In fact many would argue that it isn’t even a bank at all and more an agency that specializes in providing leveraged loans.

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Definition of Corporate Finance or Managerial Finance: What is Managerial Finance? (Defined)

Managerial or corporate finance is the task of providing the funds for a corporation’s activities. For small business, this is referred to as SME finance. It generally involves balancing risk and profitability, while attempting to maximize an entity’s wealth and the value of its stock.

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Definition of Personal Finance: What is Personal Finance? (Defined)

Questions in personal finance revolve around:

  1. How much money is needed by a person (or a family), and when?
  2. Where will this money come, and how?
  3. How to protect against unforeseen personal events, as well as in the external economy?
  4. How can family assets be best transferred across generations (bequests and inheritance)?
  5. How does the tax policy (tax subsidies or penalties) affect personal financial decisions?
  6. How does affect the individual financial capacity?
  7. How can you for a secure financial future in an environment of economic instability?

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