In the 3 tasks you have completed on Virtual Priestley you looked at the importance of Personal Finances and how we manage them. You investigated the impact that the Coronavirus Pandemic has had on Individual’s and how the State has stepped in to support individuals financially. You also looked at Universal Credit and how this is used as part of the Welfare state in the UK. Finally, you looked at the Personal Life Cycle and how this changes our Financial Capabilities. Below are some questions to assess your knowledge and understanding of these areas.