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Money and Organisations Dealing with Money

Unit Code: HD4E2CY020
Level: Entry Two
Credit Value: 1
Unit ID: BZY649
learndirect: HD4
Sector: 14.1
Last registration date: 31/07/2016

This unit is a member of one or more groups of related units.

Learning Outcomes

Assessment Criteria

The learner will

The learner can

1.	Understand the relative values of UK currency.

1.1	Place all UK coins and notes in ascending order.
1.2	Give five examples of common equivalences between coins (for example, two 5p coins equivalent to one 10p coin).
1.3	Identify the coin or note nearest to and greater in value than a selection of (for example, five) different prices.

2.	Understand why money should be kept safe.

2.1	State a risk in keeping all money as cash.
2.2	State two reasons for keeping money in a safe place.

3.	Know the main service provided by financial organisations.

3.1	Give five examples of financial services (for example, lending, money advice).
3.2	State the main (or a key) service provided by four different types of financial organisation.

Assessment Methods:

Case study
Written question & answer/test/exam
Oral question and answer
Role play/simulation
Group discussion

Further assessment guidance is available here.

Assessment Information:
There is no specific assessment information to be used with this unit.

Essential Skills Wales:

CE2.1: Speaking and Listening
CE2.3: Writing
NE1.2: Carry out calculations

Other Mappings:
Financial Capability - B(a)1, B(d)1, B(i)2
Core Curriculum - Slc/E2.1-4, Wt/E2.1; Ws/E2.1-4; Ww/E2.1-3, N1/E2MSS1/E2.2

Assessor Requirements:
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.