What Are Financial Intermediaries and What Do They Do

question 25

Essay

What are financial intermediaries and what do they do?

Distinguish between internal and external sources of noise in communication.

Identify different types of communication (oral, written, electronic, nonverbal).

Understand the concept of channel richness and its impact on effective communication.

Recognize barriers to effective communication and strategies for overcoming them.

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Definitions:

Effective

Producing a desired or intended result, often used to describe methods, strategies, or actions.

Respectful Close

A polite and considerate way to end a communication or interaction, ensuring a positive impression.

Indirect Approach

A communication strategy where the main point is not presented directly at the beginning but is introduced later in the message.

Refusing Claims

The act of denying or rejecting claims, often in the context of insurance or customer service disputes.