Page 79 - Grasp English C1+ (Workbook)

Money Issues 8

C. Read the text and answer the questions.

1. In general, is the author optimistic or pessimistic about the future of physical money?
2. What reasons does the author give for a cashless society being a possibility in the future?
3. Why does the author believe electronic currencies are less popular than money?
4. What examples does the author give of nations conducting business in a foreign currency?

D. Look at the words below and explain to a partner how they are related to the text.
Student A: barter, electronic currencies, international trade deals

Student B: living moneyless, a single currency, contactless payment

E. Complete the table below with examples from the text. Add your own examples, too.

Alternatives to physical money Advantages and/or disadvantages

electronic currencies, such as Bitcoin - not widely popular
+ no issues with exchange rate

F. Discuss with a partner.

1. What do you think is the most viable alternative to physical money?
2. How likely are you to see a cashless society in your generation?
3. How feasible would a cashless society be just in your local area?

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