Final answer:
The narrator's perspective that allows insight into the thoughts and feelings of only one character is known as the third person limited point of view.
Step-by-step explanation:
The point of view used when the narrator can observe and tell the story based on what they can see or hear, and tell the thoughts and feelings of only one character, is known as the third person limited point of view.
This narrative perspective comes across as more impartial, with the narrator using third-person pronouns like he, she, and they. The narrator provides a limited perspective, revealing the internal musings, emotions, and experiences of only one character, typically the main character, thus presenting a story through that character's eyes which could result in a slightly biased narrative.