Activity 2 Refer to your Learner Guide and the guide 'Money Smart - Types of Credit', located in the Additional Resources folder and respond to the following: You have asked the following questions to check a client's level of understanding and knowledge regarding credit application processes: > What types of credit are available in Australia? > Do you know the costs associated with credit? > Do you know what a debt collector is? Now complete the table below by describing how you can assist the special needs and requirements of a client according to the level of knowledge and understanding they have demonstrated when answering the above questions. (Identify ways of obtaining and checking relevant information from applicants) Activity 2 Answer Level of Understanding Description of action or assistance that should be provided Level 1: No or a limited understanding Level 2: Some level of understanding Level 3: A higher level of understanding