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Personal Finance Products and Services
Unit Code: HD41CY022
Credit Value: 1
Unit ID: BZY634
Last registration date: 31/07/2016
This unit is a member of one or more groups of related units.
|The learner will
||The learner can
|1. ||Understand different ways of paying for goods and services. |
|1.1 ||Describe two ways in which goods and services can be paid for.|
|1.2 ||Outline how cheques, cheque guarantee cards and debit cards are used.|
|1.3 ||Define direct debits and standing orders.|
|2. ||Understand the importance of checking financial documentation. |
|2.1 ||Give two benefits of checking financial information carefully.|
|2.2 ||Check a bank statement for accuracy.|
|2.3 ||Check a number of utility bills (for example, three) for accuracy.|
|3. ||Understand advertising and marketing information. |
|3.1 ||Give reasons why advertising and marketing information on financial products is used by financial organisations.|
|3.2 ||Identify texts which provide advice, advertising and marketing information on:|
[i] a banking account;
[ii] a savings product;
[iii] a credit product; and
[iv] a household financial service,
and describe how the texts might influence customer choice.
- Case study
- Written question & answer/test/exam
- Oral question and answer
- Role play/simulation
- Group discussion
Further assessment guidance is available here.
There is no specific assessment information to be used with this unit.
If not specifically stated in the assessment information, a plural statement in any assessment criterion means a minimum of two.
|Essential Skills Wales:
- C1.1: Speaking and Listening
- C1.2: Reading
- C1.3: Writing
- N1.1: Understand numerical data
- N2.2: Carry out calculations
Core Curriculum - Slc/L1.1-4, Rt/L1.1-5, Wt/L1.1-6, Ws/L1.1-3, Ww/L1.1-2, MSS1/L1.1
Financial Capability - (D(a)3, (D(d)4), (D(h)2)
There is no information regarding specific assessor requirements for this unit. Centres should select assessors who are trained in assessment, and who have subject specific competence to assess at this level.