BTEC Business Level 3, Unit 3, Learning Aim A, Functions and roles of money

In this resource I have included a Power Point which goes over the content of Functions and roles of money which is part of BTEC Level 3 Unit 3, Learning Aim A, this Power Point can be used to teach your students the content or used as revision material. It also contains an activity booklet for your students to complete as well as an answer booklet for you and your students to refer back to for answers.
The You Tube video linked to this resource can be found here:
https://www.youtube.com/watch?v=YZ2b7Z09rwM
The content covered in the resource is as follows:
Functions of money:

• Unit of account
• Means of exchange
• Store of value
• Legal tender
  Roles of money:
• Personal attitudes
• Life stages
• Culture
• Life events
• External influences
• Interest rates
  Planning expenditure
• Avoid getting into debt
• Control Costs
• Avoid legal action
• Remain solvent
• Maintain a good credit rating
• Avoid bankruptcy
• Manage money to fund purchases
• Generate income and savings
• Set financial targets and goals
• Provide insurance against loss and illness
• Counter the affects of inflation