Introduction to Financial Markets Essay Example | Topics and Well Written Essays - 1250 words

Introduction to Financial Markets - Essay Example From this discussion it is clear that  by differentiating the functions of the financial markets, it is important to mention both, diverse financial institutions that operate in such markets as well as the diverse ways in which these souks are structured. This is referring to the financial institutions otherwise referred to as the major players in the financial markets.  This paper highlights that brokers are often considered as commissioned mediators of a buyer or seller who aids transaction by identifying a seller or buyer to achieve the desired transaction. A broker does not have a say in the assets she or he just trades. In other words, the broker does not reserve records in these assets. The benefits or wages of brokers are established by the commissions that they charge to consumers of their services such as the sellers, the buyers, or sometimes both. For instance, brokers include stockbrokers and real estate brokers.  The next institution is the dealers. Like brokers, th ey facilitate business by matching purchasers with assets from sellers; they do not connect in asset conversion. Unlike brokers, however, dealers can maintain records of the assets that they have traded such bought or sold. Such activities often allow them to, the dealer to vend out of the catalogue rather than constantly having to identify sellers to match each tender to purchase. The difference between the price a dealer provides to sell and the price at which he offers to purchase a product is referred to as bid price. Examples of dealers include car dealers, dealers’ of government bonds, and stock dealers. The investment bankers. The third institution which is involved in the financial markets affairs are the investment Banks. It facilitates the first offer of newly issued securities

Design Exercise Essay Example | Topics and Well Written Essays - 5000 words

Design Exercise - Essay Example This necessities the use of a public address system(PA). The PA system requires special design as they must be tailor made to meet the client's specifications and wants. It is therefore necessary to design the PA systems using an organized procedure such as the Pahl and Beitz method. The process involves the surveying of the customer's needs and wants, generating some demands and wishes from the client, developing of the solution using a function analysis matrix and finally developing the product using the information from the demands and the function analysis. After the development of the product, it is tested for its overall suitability particular in satisfying the customers wants and needs, if the product is found unsuitable or with some limits, it is necessary to redesign and reconfigure the product to ensure that it satisfy the customer needs and promotes usability engineering and ergonomic principles. The power supply: This is the system that supplies the public address unit with electrical power that is used to run the whole PA system. The most common types power supplied include the alternating current (AC) and the direct current (DC). Most PA system use direct current while most of the commercially available power is in form of AC supplied at 240 Volts or 110 volts. Rectifier unit or DC adapter This adapter is used for the conversion of AC power to DC power. Some of the PA systems incorporate this gadget inside the systems while others have the same system incorporated outside as a separate unit The amplifier unit The amplifier unit is used for amplification of the voice signal. The amplifier receives low power electrical signal and amplify the signals to high power and voltage which is fed to the loud speaker systems. Amplifier uses the transistors, MOSFET devices, field effects transistors (FET), CMOS and operational amplifiers circuit to provide gain to the input signal. The microphone unit The microphone unit is used for changing voice sound to an electrical signal that can be amplified by the amplifier. Upon receiving the sound signal, the crystal microphone vibrate generating a small electrical current that is fed to the amplifier The mixer The mixer is used for signal conditioning, this helps is controlling the voice produced by the amplifier unit. The mixer enhances the audibility of the sound