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There are many things we remember from our childhood—the games we played, the music we listened to, but what about earning pocket money? This was our first ever wage for completing tasks such as tidying our bedroom or sorting the laundry. Our reward was a handful of coins that we safely hid away. But now, it seems parents’ attitude to handing out cash is changing.

There was a time when cash was king—it was the main currency for financial deals. These days, though, using credit or debit cards, or making contactless payments, are the most convenient ways of paying. So where does that leave handing over pocket money? Research has found that 84% of British parents currently give notes and coins to their children— typically an allowance of £7 a week.

But banks predict that by 2028 only one in ten deals will be with cash, and that is something that today’s children will have to deal with. One particular issue is that children may not understand the value of cash because they never see it. Parents face difficult choices too— finding a new way to transfer pocket money, or maybe not bothering to pay it at all.

Giving children lessons about finance at school is important. Children should be provided with financial literacy at an early age. That is vital to ensure proper money management skills later in life, such as setting a realistic budget, responsibly managing credit and debt, saving for unexpected expenses. The UK’s Money and Pensions Service advises parents to get children started with money as young as possible. Sarah Porretta from the service told the BBC that for parents who no longer carry cash, “The trick is to go and get some cash, just so your children have the opportunity to interact with them. Talk about what you are doing with money. If you are paying with a card or with a phone, talk to children about that and link it back to those coins they have handled.”

But, of course, many of the goods that young people want to buy—such as add-ons for a computer game—only allow digital deals. This has led to a number of apps being set up that allow children to track and spend their hard-earned pocket money and parents to transfer money electronically and monitor their child’s spending. Banks also suggest setting up accounts for older children which gives them a cash card to use. But whatever method a parent chooses to adopt, they need to teach their kids that money doesn’t grow on trees!

1.What can you learn from the passage?

A.The custom of giving children pocket money is disappearing.

B.Banks predict people will pay most of the deals in cash by 2028.

C.It isn’t necessary for children to experience the course of using cash.

D.Cash-free payments are convenient ways of purchasing goods these days.

2.The underlined word “That” refers to _________.

A.digital deal

B.cash payment

C.financial literacy

D.pocket money

3.According to UK’s Money and Pensions Service’s advice, parents should _________.

A.offer chances for children to use cash

B.no longer carry cash when they go out

C.play some tricks with kids using the coins

D.play cards and make phone calls with children

4.What is the main purpose of this passage?

A.To stress the importance of paying in cash.

B.To introduce the development of pocket money.

C.To explain why the ways of payment are changing.

D.To develop children’s awareness of money management.

高三英语阅读理解中等难度题

少年,再来一题如何?
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