VCEBC023
Explain why and describe how people manage financial risks and rewards in the current Australian and global financial landscape
Elaborations
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identifying financial risks such as scams and identity theft and considering strategies to avoid these
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explaining the role of banks and other deposit-taking institutions, such as credit unions or building societies, in collecting deposits, pooling savings and lending them to individuals and business
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debating the difference between good and bad debt, how to manage debt, the risks of over-indebtedness, and the importance of having a savings buffer
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identifying ways consumers can protect themselves from risks, for example, through insurances, savings and superannuation
VCEBC023 | The Humanities | Economics and Business | Levels 9 and 10 | Consumer and Financial Literacy
