Question 1 'A highly developed and efficient financial system is essential to ongoing economic growth and prosperity.' Required: Discuss the component parts that form a financial system and the relevance of the above statement. Question 2 The evolution of nation-state financial systems into an integrated global financial system has occurred, and continues to occur, due to a number of specific factors. Required: Identify and discuss the factors that have influenced the development of the global financial system. Question 3 You have recently won $10 million in a lottery, and you are considering investing the funds in financial assets. Required: a) Term deposits Equity Derivatives b) Discuss your risk profile. c) Based on your investment profile, decide on a specific portfolio structure using real stock exchange information, real interest rates and banks, and real cases of derivative products. Calculations will earn bonus points.