Code: 2.7.8 · Adults
Overdrafts
Descriptors
Knowledge
What you can do at this level
- Kdaily-lifelarge-majority
Understands that the total amount of money available to spend in a bank account may include an agreed overdraft facility
- Kdaily-lifelarge-majority
Knows that an overdraft is a form of credit that may incur costs and must be repaid
Skill
What you can do at this level
- Sdaily-lifelarge-majority
Has the goal of keeping a positive bank balance as part of following a budget
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.