Notes And Coins
From Open Risk Manual
Definition
Notes And Coins. In the context of the Financial Competence Framework, Notes And Coins is a topic in the Money And Transactions subject matter domain.[1]
Competences
Mastering the role of Notes And Coins in financial literacy context requires the following competences:
| Code | Competency Description | Competency Type |
|---|---|---|
| 7 | Knows how to identify genuine notes and coins | Knowledge |
| 8 | Aware that currencies or specific notes and coins may become obsolete over time as official money/means of payment | Knowledge |
| 9 | Takes appropriate action if notes or coins are thought to be counterfeit | Skill |
| 10 | Exchanges obsolete notes and coins for new ones within time limit set for such an exchange | Skill |
| 11 | Has developed the right attitude when confronted with counterfeit money | Attitude |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union
