Banking and the Economic Environment

Overview

Framework:
Access to HE 2024
Level:
Level 3
Unit No:
Not available
Credits:
3
Guided learning hours:
Not available

Qualification Grading Type

Graded

For the full unit details, please download the latest version of the qualification specification. This is available for download on the relevant qualifications page.

Unit Learning Outcomes

To view the assessment criteria and any additional content, please expand the relevant learning outcome below.

1. — Understand the purpose and functions of a bank.

Assessment Criteria

  • 1.1.

    Explain the purpose and functions of a bank and its role as a financial intermediary.

  • 1.2.

    Explain different types of banking activity.

2. — Know the business and economic environment in which banks operate.

Assessment Criteria

  • 2.1.

    Analyse the business and economic environments in which banks operate.

  • 2.2.

    Assess the role of government in the economy.

3. — Know how banks assess the performance of an economy.

Assessment Criteria

  • 3.1.

    Explain the key indicators that can be used by banks to assess the performance of an economy.

  • 3.2.

    Assess the impact of these indicators on the performance of an economy.