as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
describe the differences between formal and informal communication
user
formal communication is typically more structured, precise, and formalized, while informal communication is more relaxed, open-ended, and conversational. additionally, formal communication is often the preferred method of communication in professional and academic settings, while informal communication is more commonly used in casual settings.
assistant