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Understanding investing and capital marketsJust like people, corporations invest in capital markets. Your retirement fund, your personal investment portfolio, your college savings, and more are likely all invested. Additionally, the interest rates on everything from your mortgage to your credit card are impacted by the Federal Reserve.
Understanding and visualizing financial impactFinancial literacy has more specific benefits, as well. When you better understand corporate finance, you’ll be able to find the information you need as leverage when negotiating a raise, a promotion, or an increase in other benefits. Knowing your impact at your company and in relation to others in your industry will help you advocate for yourself.