ELI5: Explain Like I'm 5

Global financial system

The global financial system is like a big playground built all around the world. In this playground, people and businesses can trade, share and use money from many different countries in different ways. They can save it, buy things, sell things, borrow it and use it for investments.

Money flows around the world through different banks, governments, and companies. Banks are like the playground managers and they are responsible for making sure all the money is used safely and according to the rules. Governments also help to keep track of it and make sure everything is fair and above board. Companies use money to buy the resources they need to build products and to pay their employees.

The global financial system is like this big playground where everyone works together to make sure the money and resources are used properly and people can use it to safely buy and sell goods and services.
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