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This qualification is assessed through the completion of a multiple-choice test that is carried out at the completion of the course.

Aims of the qualification

The aims of the qualification are to enable learners:

  • To understand the sources of income and expenditure
  • To understand the need to balance income and expenditure
  • To know how to reduce expenditure
  • To understand some of the products provided by banks and building societies and other similar financial institutions
  • To understand the advantages and disadvantages of borrowing money

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