The financial system consists of financial intermediaries, such as commercial banks, and financial markets, such as the stock market. This is further explained below.
<h3>What are financial
intermediaries?</h3>
Generally, financial intermediaries are simply defined as Banks, building societies, and unit-trust companies are all examples of financial intermediaries.
In conclusion, Institutions like commercial banks and marketplaces for trading financial instruments like stocks and bonds make up the financial system.
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A rock-climbing school faces two demand curves. The demand by local residents is Q = four hundred - zero.fivep and the demand by others is Q = five hundred - zero.fivep. The marginal costs of serving either local residents or other are constant at one hundred dollars. If the rock-climbing school system third-degree price discrimination, It will charge local citizens and others a price of four hundred fifty dollars and five hundred fifty dollars, respectively.
The idea behind this is that the musician chosen by a consumer will reflect that consumer's perception of the brand. This kind of research exemplifies "projective technique".
<h3>What is projective technique?</h3>
A form of personality testing known as projective approaches involves giving the subject of the test a straightforward, unstructured task with the intention of revealing personality traits.
The most well-known though contentious psychometric psychological testing method is frequently the projective methodology.
Key features of projective technique are-
- Respondents can project their real or subjective ideas and beliefs onto other persons or even inanimate things using projective techniques.
- From what the respondent says about other people, one might therefore infer the respondent's true feelings.
- Typically, projective techniques are applied in one-on-one or small-group interviews.
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