Unit Award Scheme

121174 DEVELOPING AN UNDERSTANDING OF FINANCE

In successfully completing this unit, the Learner will have		Evidence needed
shown knowledge of
1	what a bank card is, a pin number and the number of digits it has	Summary sheet and/or student completed work
2	the meaning of the terms 'payday loan' and 'loan shark'	Summary sheet and/or student completed work
3	at least three dangers of using payday loans and loan sharks	Summary sheet
experienced
4	estimating the cost of at least three different valued items	Summary sheet and/or student completed work
5	calculating the percentages of cost on at least two occasions	Summary sheet and/or student completed work
6	creating a shopping list of consumables and their prices	Summary sheet and/or student completed work
7	listening to a visiting speaker regarding finance	Summary sheet
8	adding different values of money using a calculator	Summary sheet
9	subtracting different values of money using a calculator	Summary sheet
demonstrated the ability to
10	identify three methods of payment	Summary sheet and/or student completed work
11	identify two reasons for saving money	Summary sheet and/or student completed work
12	identify the name of three banking facilities	Summary sheet
13	the meaning of three finance terminologies, eg contactless, apple pay.	Summary sheet

All outcomes recorded on an AQA Summary Sheet

Approved 14 June 2024Level - Entry Level