Banking and Other Financial Organisations

Unit Code: HD41CY026
Level: One
Credit Value: 1
Unit ID: BZY657
learndirect: HD4
Sector: 14.1 Foundations for Learning and Life
Last registration date: 31/07/2016


LEARNING OUTCOMES ASSESSMENT CRITERIA Method Assessor Evidence Date Signature
The learner will: The learner can: Assessment method Who will assess? Evidence which will be available for verification Date achieved  
1. Understand credit and borrowing.
1.1 Describe the advantages and disadvantages of borrowing.
1.2 Calculate the cost of making a purchase using credit.
1.3 Compare two credit products using their APR.
2. Understand how different bank accounts work.
2.1 Outline different kinds of banking account available, including savings, current and share accounts.
2.2 Describe different ways of how to withdraw cash from an account.
2.3 Describe different ways that money can be deposited into an account.
3. Understand the role of financial organisations offering saving and borrowing (e.g. banks).
3.1 Identify the range of services offered by a typical high street bank.
3.2 Compare the different ways and places to save money.
3.3 Compare the different ways and places to borrow money.

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:
  • C1.1: Speaking and Listening
  • C1.2: Reading
  • C1.3: Writing
  • C2.1: Speaking and Listening
  • C2.2: Reading
  • C2.3: Writing
  • N2.2: Carry out calculations
Other Mappings:
Financial capabilities - (D(a)5, (D(d)1), (D(i)1)
Core Curriculum - Sllr/L1.1-6, Slc/L1.1-4, Sld/L1.1-3, Rs/L1.1-2, Rw/L1.1-3, Wt/L1.1-6, Ws/L1.1-3, Ww/L1.1-2, N2/L1.3, N2/L1.5, MSS1/L1.1
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.

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