The functions of the global financial system are numerous, it’s part of our daily living activities and how we survive as a particular country.

We have seven outstanding functions of global financial system, there are:

1. Credit function: Credit comprises of a loan of funds which in return the debtor promised to repay the fund in the future. The global market make out fund for finance consumptions and investment spending. Businesses, individuals, federal government, and other needs credit for an easy living and execution of duties. The business stand in for credit to stock their warehouses, buy new equipment for production, meet payroll for their employees and construct new building for business and quit a lot of other things.



2. Policy function: In this era, the government has form a policy through the financial market to stabilize and control the economy of the country in order to avoid inflation , by setting standard for interest rates and available credit for citizens, they have been able to affect borrowing and spending plans for the public, making the country comfortable for all. This policy set by the government influence the growth of jobs, production, and prices of production and consumption. As we know the risk of economic realization has been given to countries central banks, and other financial institution.
https://www.mscutiesblog.com.ng/2022/06/here-are-functions-performed-by-global.html