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?
Explain to customers the function and role of the Reserve Bank of Australia (RBA)
|
|
The role of the RBA as Australia's central bank is and differences between the RBA and other banking institutions is communicated to the customer Completed |
Evidence:
|
The importance and effect of the RBA's monetary policy on the Australian economy and consumer's personal finances is explained to the customer in plain language Completed |
Evidence:
|
The role of the bank in maintaining financial stability and regulating the Australian Payments System is explained to the customer Completed |
Evidence:
|
Outline the role of money and Australia's monetary base
|
|
Society's motivations for holding money and the various functions of money are identified and discussed with the customer Completed |
Evidence:
|
The impact of changes in the supply of money is explained to the customer in plain language Completed |
Evidence:
|
Outline the main features of the Australian financial markets
|
|
The purpose of financial markets and the major markets within the Australian financial markets are identified and communicated to the customer Completed |
Evidence:
|
The role of banks and financial institutions as financial intermediaries is discussed with customer Completed |
Evidence:
|
The role and function of the short term money market and types of products it deals in, are outlined in basic language for the customer Completed |
Evidence:
|
Provide information to the customer about regulation of the financial system
|
|
The role of independent regulation in the financial system and the main regulators of the financial system are identified and their roles discussed with the customer Completed |
Evidence:
|
Examples of the protection afforded individuals by the regulators are provided to the customer Completed |
Evidence:
|