banking systems

Banking systems are frameworks that facilitate the storage, management, and transfer of money. They include banks, which handle deposits, loans, and investments, and the technology that connects them, such as electronic transfers and ATMs. Central banks oversee the economy's money supply and regulate commercial banks to ensure stability. These systems enable individuals and businesses to securely save, borrow, and make payments efficiently, supporting economic activity. In essence, banking systems serve as the infrastructure that keeps financial transactions secure, reliable, and accessible.