Financial Systems

Financial systems refer to the networks and processes that manage money and facilitate economic activities in a society. They include institutions like banks and stock markets, which help in providing services such as saving, investing, borrowing, and lending. These systems enable individuals, businesses, and governments to efficiently allocate resources, manage risks, and foster growth. A well-functioning financial system promotes stability and trust, allowing for smoother transactions and economic development, ultimately supporting the overall health of an economy.