Personal Finance Fundamentals: Money, Payments, Accounts | Revision Guide Unit 3

Unit 3 Personal and Business Finance - BTEC Level 3 Revision booklet - Learning Aim A

designed to support students in understanding the core concepts of money management, payment methods, and banking services. It provides a structured approach to revision, breaking down complex topics into manageable sections with active learning tasks and exam-technique practice.

Content Coverage:

The Functions & Role of Money: Understanding Unit of Account, Store of Value, and how financial needs change through life stages.

Methods of Payment: Detailed analysis of Cash, Debit/Credit Cards, Direct Debits, Standing Orders, and Digital Banking (Pros & Cons).

Current Accounts: Comparing Standard, Packaged, Student, and Basic accounts.

Managing Personal Finance: Concepts of Solvency, Inflation, and Interest Rates.

What is included?

Student Workbook: A “print-and-go” booklet containing definition matches, pros/cons analysis tables, and scenario-based exam questions.

Teacher Answer Guide: Full answer keys for all activities and detailed mark schemes for the exam-style questions.

Compatibility & Curriculum Links:
This resource is designed to support students studying Pearson BTEC Level 3 National Extended Diploma in Business.

Specifically tailored for Unit 3: Personal and Business Finance.

Focuses entirely on Learning Aim A (Personal Finance).

Supports preparation for the external written examination.

Disclaimer: This resource is an independent educational tool created by a teacher and is not affiliated with or endorsed by Pearson or the BTEC exam board.