GFMS
GFMS is a fancy tool that helps people know how money is used around the world. Think about the money you have in your piggy bank or wallet. Other people also have money and they use it to buy things like food, toys, and clothes just like you. GFMS helps BIG people like governments, companies, and investors keep track of how much money is being used around the world and where it is going.
Imagine you have a big box of toys and you want to know how many red toys, blue toys, and green toys you have. You would separate all of them into piles based on their color. GFMS does the same thing with money. It helps people know how much gold, silver, or other types of money is being made and used all over the world.
For example, GFMS can tell you how much gold is being produced in a country like Australia and how much of that gold is being sold to other countries. It can also tell you how much money is being used to buy things like cars, food, or houses in different parts of the world.
In summary, GFMS helps people know how money is used around the world and helps them make good decisions about how to use their money in the future.
Imagine you have a big box of toys and you want to know how many red toys, blue toys, and green toys you have. You would separate all of them into piles based on their color. GFMS does the same thing with money. It helps people know how much gold, silver, or other types of money is being made and used all over the world.
For example, GFMS can tell you how much gold is being produced in a country like Australia and how much of that gold is being sold to other countries. It can also tell you how much money is being used to buy things like cars, food, or houses in different parts of the world.
In summary, GFMS helps people know how money is used around the world and helps them make good decisions about how to use their money in the future.