Explain the Financial System and List the Groups Involved the System

question 144

Essay

Explain the financial system and list the groups involved the system, as well as their roles.

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Definitions:

Encoder

In communication, it refers to a device or software that converts information from one format or code into another, or the person or system that performs this action.

Communication Channel

The medium through which information is transmitted from one entity to another, which can be verbal, non-verbal, or digital.

Message Funnel

A process or model that captures and condenses information from various sources to streamline communication within organizations.

Shannon-Weaver

Refers to the Shannon-Weaver Model of Communication, a theoretical framework that outlines how information is transmitted from a sender to a receiver, emphasizing the components and processes involved in communication.