Finance as an economic category is the most importantpart of the world economic system. In fact, they represent an instrument through which the redistribution of GDP is carried out, and the creation and operation of various monetary funds is controlled. Many people unite the concepts of finance and money, but such a decision is fundamentally wrong. Finance as an economic category is a narrower concept, since, unlike monetary relations, they reflect only those cash flows that go through special funds, and do not take into account the interaction of ordinary people. Thus, the essence of finance and their functions have their own characteristics in comparison with money. Let us dwell in more detail on this question.
Finance as an economic category has several main functions:
As you can see, the role of finance in the economy is enormous.