The global financial system is the collective of financial institutions that facilitate and regulate investment and capital flows and make possible massive trading of currencies and financial assets. It reflects the activities of companies, banks, and financial institutions, all engaged in ongoing financial activity.

Question

Quizplus · Accepted Answer

The global financial system indeed encompasses a broad network of financial institutions, including banks, investment companies, and regulatory bodies, that work together to facilitate international investment, manage capital flows, and enable the trading of currencies and financial assets across the world.

The Global Financial System Is the Collective of Financial Institutions