The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Describe what is meant by the Australian financial markets
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Specific financial markets in Australia are identified and discussed Completed |
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The purpose of financial markets and when they emerged in Australia is researched and discussed Completed |
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The participants in the financial markets and the roles of banks and financial institutions as financial intermediaries are identified and their roles analysed and discussed Completed |
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Explain the function and role of the Reserve Bank of Australia (RBA)
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The role of the RBA as Australia's central bank is researched and discussed and contrasted with other banking institutions Completed |
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The importance and effect of the RBA's monetary policy on the Australian economy and everyday consumers is researched and discussed Completed |
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Explain Australia's monetary system
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The various functions of money are explained and society's motivations for holding money are outlined Completed |
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The monetary cycle within the economy and on a global scale and instruments traded on the short term money market are described Completed |
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The impact of increases and decreases in the money supply and the importance of regulating the money supply of any country is analysed and discussed Completed |
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Explain the key factors that influence the Australian economy
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The role and impact of Commonwealth and State government actions on the economy is explored with reference to current events and issues Completed |
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The impact of a change in domestic interest rates on different sectors of the economy is analysed and discussed Completed |
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The impact of changes in consumer activity on the Australian economy is analysed and discussed Completed |
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Describe the role of regulators
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The main regulators of the financial system are identified Completed |
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The role of each regulator in protecting investors and consumers and promoting confidence in the financial system is explained using examples Completed |
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