Question: Question 1: Question 2: Question 3: Briefly explain the main costs involved for surplus and deficit units with direct financing? Explain the three main factors
Question 1:

Question 2:
Question 3:

Briefly explain the main costs involved for surplus and deficit units with direct financing? Explain the three main factors determining the accumulated sum at retirement in an accumulation superannuation scheme. Clearly define the problem of information asymmetry that can exist in the financial system. Briefly explain the two methods used by a well-functioning financial system to overcome this
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