Financial system can be broken into two categories Distinguish between 1. Macro financial management 2. Micro financial management ?

1. Macro financial management refers to the management of the overall financial system of a country or region. This includes policies and regulations set by government authorities, central banks, and other financial institutions to regulate the economy as a whole. It focuses on issues such as monetary policy, fiscal policy, exchange rates, inflation, and overall economic stability.

2. Micro financial management, on the other hand, refers to the management of individual or small-scale financial activities within an organization or household. This includes budgeting, investment decisions, financial planning, and risk management at the individual or organizational level. It focuses on optimizing financial resources and achieving specific financial goals.