Year 11 - Citizenship
How is the financial system changing in a digital era?
How do we look after an ageing population?
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Study Guides
This pupil-friendly study guide includes a unit summary, clear notes, common mistakes, and quick questions with answers.
Unit Summary
Pupils explore what role financial systems play in our communities, they consider what personal responsibility they have for financial planning and what role government plays in this, focussing on the impact our ageing population has on financial planning.
Lesson Summary
You will learn to explain how banking has changed over time and what effect these changes are having on society.
Key Notes
- Banking in the UK has evolved from traditional branch services to widespread online banking.
- Technological advances such as ATMs, debit cards and mobile apps have transformed financial management.
- This shift has increased risks, notably online fraud and challenges linked to an ageing population.
- Online banking has improved accessibility for some people but also deepened the digital divide.
- Government initiatives now focus on regulation, education and community support to address these issues.
Vocabulary To Learn
- online banking: a secure place to store, manage and access money, allowing deposits, withdrawals, transfers and payments through the internet
- online fraud: when someone acts, lies or breaks trust to gain money or cause a loss through the internet
Common Mistakes To Avoid
- Older people cannot use online banking at all.
3 Quick Questions (With Answers)
1. Explain the lesson in two key points.
Banking in the UK has evolved from traditional branch services to widespread online banking. Technological advances such as ATMs, debit cards and mobile apps have transformed financial management.
2. What does this key word mean in this lesson? 'online banking'
a secure place to store, manage and access money, allowing deposits, withdrawals, transfers and payments through the internet.
3. Correct this common mistake.
Mistake: Older people cannot use online banking at all. Correction: With the right support and training, many older people have adapted very well to online banking. It is prejudiced to assume all older people struggle.
More Lessons In This Unit
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