1 . When you place an order on Taobao, you know the money you pay doesn't go directly to the seller.Instead, it goes through Alipay, which keeps your money for a while.Then Alipay gives the money to the seller.
Most online sellers and shoppers like the third party online payment, but banks are not happy.
Whether Alipay or WeChat payment, they are both trying to attract more users and make online shopping easier. They have made the best of QR code technology.
| A．But WeChat payment is not the same |
| B．This is called the “third party online payment” |
| C．Among them, Alipay is the biggest in China |
| D．The reason is that these companies compete with them for money |
| E．Also, they promote sales through face recognitionpayment |
| F．Payment is one of the functions WeChat has |
| G．The bank doesn't allow the companies to do so |
2 . AI, 5G, cloud computing and other digital technologies are not only changing our lives but shaping the economy as well.
China’s six major commercial banks are stepping up digital wallet efforts to provide new drive for the e-CNY (数字人民币) trials in the country, as reported by Shanghai Securities News on March 23.
“The functions and properties of the-CNY are exactly the same as those of the paper currency, except that the form is digital,” said Mu Changchun, head of the People’s Bank of China’s Digital Currency Research Institute.
Many people are puzzled by e-CNY and electronic payments. “Digital currency has the characteristics of both paper money and electronic payment,” said Wu Qianhong, a professor at the School Electronic and Information Engineering, Beihang University. “In theory, digital currency can replace paper money, Alipay and WeChat payments.”
Compared with Alipay and WeChat payments, e-CNY features anonymity (匿名性) and security. E-commerce platforms that accept payments via e-CNY will not have access to user’s personal information. E-CNY users can open an anonymous digital wallet by registering a mobile phone number, and telecom operators cannot disclose (泄露) customer information to the central bank or any third-party institutions. Mu noted that e-CNY user’s privacy protection is at the highest level among all the existing payment tools.
Similar to Alipay and WeChat payments, using e-CNY requires an account. After obtaining the other party’s account number, users can enter the amount of digital money to transfer (转钱) and then enter the payment password to complete the transaction (交易). However, the process behind these transfers are different. For electronic payments, the transfer has to go through a third party, and the receivers will get the transferred money only when they withdraw money from banks. But e-CNY transfers only need a payer and a receiver to complete a transaction. Therefore, it guarantees risk-free payments, according to Wu.
In simple terms, e-CNY can be considered “money”, while electronic payments are like “wallets”.
1. What can we know about e-CNY?| A．It is issued by six major commercial banks. |
| B．It combines paper money and electronic payment. |
| C．It is designed to replace Alipay and WeChat payments. |
| D．It has exactly the same function as other payment tools. |
| A．By limiting access to personal information. |
| B．By storing personal data in the central bank. |
| C．By opening a unique digital wallet for each user. |
| D．By linking telecom operators to a mobile phone number. |
| A．E-NCY transfers require to go through a third party. |
| B．E-NCY is more convenient than other electronic payments. |
| C．E-NCY can be transferred without the receiver’s information. |
| D．E-NCY and electronic payments ensure security in the same way. |
| A．To promote the use of e-NCY. |
| B．To inform readers of digital RMB. |
| C．To compare different types of payments. |
| D．To describe the impact of digital technologies. |
3 . A house is the most expensive thing most people will buy. Very few people have enough money of their own to buy a home, so they have to borrow money from a bank. Borrowing money from a bank to buy a house is called “take a mortgage （抵押）”. The bank usually lends money or gives a mortgage for twenty-five years. Houses are so expensive that many people nowadays have to borrow as much as $ 50 000. In other words, they will have a $ 50 000 mortgage.
How can you get a mortgage？ When you find a house you like, you go to a bank. The bank will research you financial history and decide if they think you are a good risk. They will want to know what kind of job you have, what kind of salary you make, and how long you have had the job. They will also want to know how much money you have. In addition，the banks will require a down payment. Depending on which state you live in， the bank may require as much as 30% of the-price of the house as a down payment. The bank will then lend you the rest of the money to buy the house. Many people are never able to buy a house because they cannot save enough money for the down payment.
1. What does a house mean in the United States？| A．It is a dream which many people can hardly realize. |
| B．It is so expensive that many people cannot really buy them. |
| C．It is the most important property that many people try to buy. |
| D．It doesn‘t belong to people if they can’t borrow money from the bank. |
| A．has twenty-five years to pay back the money |
| B．has more than twenty-five years to pay back the money |
| C．has less than twenty-five years to pay back the money |
| D．has about twenty-five years to pay back the money |
| A．Money borrowed from a bank as a mortgage. |
| B．Money paid to a bank before the mortgages is given. |
| C．Interest received by a person who borrows money as the mortgages. |
| D．Interest charged by a bank on a mortgage. |
| A．How to Save Money on the House |
| B．How to Borrow Money from a Bank |
| C．How to Take a Mortgage |
| D．How to Buy a House |
4 . Although credit cards are becoming a more acceptable part of the financial scene, they are still regarded with doubts by many as being a major part of the “live now pay later” syndrome（综合症）.Along with hire-purchase, rental and leasing schemes（租赁项目）, they provide encouragement to spend more money. Of course, it is only the hotheaded who give way to the temptation to live, temporarily at least, beyond their means, and such people would no doubt manage to do so even without credit cards.
Advertising campaigns have, however, promoted a growing realization of the advantages of these small pieces of plastic. They prevent need to carry large amounts of cash and are always useful in emergencies.
All the credit card organizations charge interest on a monthly basis which may work out as high as 25 per cent a year, yet sensible purchasing using a card can mean that you obtain up to seven weeks, interest-free credit. Using the card abroad, where items frequently take a long time to be included on your account, can extend this period even further.
It is worthwhile shopping around before deciding on a particular credit card. It is necessary to consider the amount of credit granted; interest rates, which may vary slightly; the number and range of outlets（经销店）, though most cards cover major garages, hotels, restaurants and department stores; and of course, what happens if your card is lost or stolen. A credit card thief may be sitting on a potential goldmine particularly if there is a delay in reporting the loss of the card.
However, if used wisely, a credit card can cost nothing, or at least help to tide you over a period of financial difficulty.
1. The hotheaded are people who ________.| A．spend more money than they have |
| B．spend less money than other people |
| C．save money |
| D．make money |
| A．to enable you to buy things without carrying large amount of cash |
| B．to encourage people to spend more money |
| C．to be always useful in emergencies |
| D．to help people tide over a period of financial difficulty |
| A．the amount of credit granted |
| B．the number and range of outlets |
| C．the possibility of loss of money |
| D．the department stores where you are going to use your credit cards |
| A．floating with the tide of |
| B．going through a difficult period of |
| C．rising and falling with the tide of |
| D．attempting to go against the tide of |
