What is a financial phenomenon?

Finance is the general term for monetary financing.

Mainly refers to various activities related to currency circulation and bank credit.

The main contents include: the issuance, release, circulation and withdrawal of currency; the absorption and withdrawal of various deposits; the issuance and recovery of various loans; bank accounting, cashier, transfer, settlement, insurance, investment, trust, leasing, exchange and discount

, mortgage, securities trading, international trade and non-trade settlement, gold and silver trading, export, import, etc.

Extended information: Characteristics of finance: 1. Credit in credit economics is a form of commodity trading, corresponding to spot transactions (immediate settlement transactions).

Credit is the foundation of finance, and finance best embodies the principles and characteristics of credit.

In a developed commodity economy, credit has been integrated with currency circulation.

2. Characteristics of credit transactions a. One party transfers the ownership of goods (including currency) or part of its rights to the other party in advance on the condition of repayment by the other party; b. The advance transfer of one party’s ownership of goods or its rights to the other party

There is a certain time difference between the relative repayments; c. The party that delivers first needs to bear certain credit risks, and the occurrence of credit transactions is based on trust given to the other party.

3. In principle, finance must be based on currency.

4. Financial transactions can occur between various economic components.