The financial system
The financial system is a network of
financial organizations, which carry out and regulate financial activities, the
ministry of finance, the treasury, the central bank, the tax service, stock and
currency exchanges.
There are budgeting,
financing, investment, banking, taxation and insurance are the main forms of
financial activities. Financial assets flow in the system from savers to
borrowers, who use them. Savers and borrowers are linked by financial
intermediaries. They are banks, finance, investment and insurance companies.
The heart of Britain
financial services industry locates in the famous "Square Mile" in
the City of London.
It is one of the largest financial centers in the world. The world's largest
banks and financial markets located there. For example, London Stock Exchange, the Foreign Exchange
Market, the Financial Futures and Options Market, Eurobond and Eurocurrency
markets.
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