1 . Credit cards
However you view credit card, it’s hard to live in the modern world without one. And if you have one, you owe it to yourself to use it properly.
Although credit cards are becoming a more acceptable part of the financial scene, they are still regarded with suspicion by many as being a major part of the “live now pay later” syndrome(综合症).
Advertising campaigns have, however, promoted a growing realization of the advantages of these small pieces f plastics. They avoid the need to carry large amounts of cash and are always useful in emergencies. All the credit card organizations charge interest on a monthly basis.
Using a credit card wisely takes discipline and a little self-control. Once you realize your debt is someone else’s profit margin, your approach to your plastic will change. With a bit of discipline and some practical knowledge, you can make your cards work for you, rather than the other way round.
| A．The cardholder must pay a defined minimum position of the amount owed by a due date, or may choose to pay a higher amount. |
| B．It is worthwhile shopping around before deciding on a particular credit card. |
| C．They provide encouragement to spend more money. |
| D．In other words, they combine payment services with extensions of credit. |
| E．As a matter of fact, a credit card can cost noting or at least help you through a period of financial difficulty. |
| F．Yet wise purchasing using a card can mean you obtain up to seven weeks’ interest-free credit. |
As science technology develops, mobile phones have become necessary for Chinese.
Over the past few years, the Chinese market of mobile payment
To boost
Annabelle Huang recently won a government lottery to try China’s latest economics experiment: a national digital currency.
After
“The journey of how you pay is similar
The development of a national digital currency began in 2014, when the People’s Bank of China set up an internal group
If the eCNY is successful, it will give the Central Bank new powers to help the economy grow. With new tools
As science technology develops, mobile phones have become necessary for Chinese.
Over the past few years, the Chinese market of mobile payment
To boost
5 . 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. |
6 . I had spent an hour in the bank with my dad, as he had to transfer some money. I couldn’t
“Why would I do that?” he asked. “Well, then you won’t have to
He asked, “If I do that, I won’t have to step out of the
He said, “Since I
“Two years back I got sick; the store owner from whom I buy fruits came to see me and sat by my bedside and
“Would I have that human touch if everything I did was on line? Why would I want everything delivered to me and to
| A．enjoy | B．behave | C．teach | D．resist |
| A．investment | B．retail | C．Internet | D．business |
| A．gain | B．miss | C．spend | D．delay |
| A．reading | B．shopping | C．learning | D．working |
| A．serious | B．certain | C．curious | D．excited |
| A．house | B．shop | C．bank | D．company |
| A．heart-broken | B．tongue-tied | C．absent-minded | D．cold-blooded |
| A．entered | B．left | C．owned | D．lost |
| A．found | B．met | C．made | D．interviewed |
| A．chatted | B．played | C．discussed | D．quarreled |
| A．patient | B．alone | C．careful | D．generous |
| A．limited | B．precise | C．enough | D．reasonable |
| A．long for | B．devote to | C．apply for | D．stick to |
| A．laughed | B．froze | C．puzzled | D．cried |
| A．surprisingly | B．eventually | C．immediately | D．frequently |
| A．led | B．rush | C．welcome | D．show |
| A．arm | B．cope | C．interact | D．end |
| A．looking for | B．worried about | C．arguing with | D．dealing with |
| A．creates | B．handles | C．removes | D．weakens |
| A．charge | B．deserve | C．waste | D．deliver |
