What is financial infrastructure, and what does it comprise? Class 7

What is financial infrastructure, and what does it comprise? Class 7

What is financial infrastructure, and what does it comprise? Class 7

Answer:

1. Financial infrastructure is a network that helps manage money and financial transactions in society.
2. It includes banks, payment systems, stock markets, and other financial institutions that facilitate money flow.
3. This infrastructure allows people, businesses, and governments to save, invest, and borrow money, supporting economic activities.