Forms And Use Of Money
From Open Risk Manual
Definition
Forms And Use Of Money. In the context of the Financial Competence Framework, Forms And Use Of Money is a topic in the Money And Transactions subject matter domain.[1]
Competences
Mastering the role of Forms And Use Of Money in financial literacy context requires the following competences:
| Code | Competency Description | Competency Type |
|---|---|---|
| 1 | Aware that money can take different forms | Knowledge |
| 2 | Understands the meaning of legal tender | Knowledge |
| 3 | Can use and store money safely in all its forms | Skill |
| 4 | Takes into account the relative advantages and disadvantages of different forms of money when choosing which to use | Skill |
| 5 | Motivated to learn about different forms of money | Attitude |
| 6 | Confident in using different forms of money | Attitude |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union
