What term is used to describe a global financial management system?

The term "global economy" refers to the interconnected economic activities and transactions that occur across international borders. It encompasses a broad range of elements, including trade, investment, and financial markets, functioning as a single economic system that operates on a worldwide scale.

In this context, the global economy includes all nations, highlighting how economies are influenced by and interact with one another through globalization. This involves the flow of goods and services, capital, and labor between countries, enabling a comprehensive view of how local markets interact on an international platform.

The other options, such as national, local, and regional economies, focus on more localized economic systems. A national economy pertains specifically to the economic activities within a single country, while local economy refers to smaller, community-based activities. A regional economy addresses economic interactions within a specific geographic area, typically involving multiple countries but still limited compared to the vast network of the global economy. The distinction between these terms lies in their scope, with the global economy representing the broadest and most interconnected level.