​What is Financial Service System ? 
The financial system connects those who can save money with those who can spend it. 

The financial services sector of the economy provides products and services to both savers and spenders inside the financial system, as well as acting as a financial conduit.

Individuals, households, companies, and governments that have money to invest are referred to as savers. Spenders can be individuals, companies, or governments.

For instance, people take out loans to cover housing costs, educational costs, and other costs. Businesses take out loans to purchase equipment, real estate, and structures. Governments borrow when their tax revenues fall short of their budgeted expenditures.