Fundamentals of finance

The strength of the book lies in the comprehensiveness of theoretical and practical knowledge in the field of finance. It covers all areas of finance, theoretically explaining the basic characteristics and giving practical implications. It explains key concepts such as money, interest rates, the financial market and risk. The book further characterizes the essential elements of each area of finance, and that of currency, banking, insurance industry, corporate finance, public finance. The book serves as an introduction to the basic issues and understanding of the context within the individual areas and finance as a whole, thus providing a foundation for deeper study. Practical examples illustrating specific issues are given within each chapter to introduce the reader to the practical aspects of finance.