Remember: With cash, the coins move. With cards and apps, only numbers move. The idea stays the same: money is a promise we all agree on.
Read and answer
Read the story first, then answer.
How paying changedAt a market, Grandpa Tom bought apples for two coins. The coins passed from his hand to the seller. Whoever holds the coins owns them, and that is cash. Cash is simple and works everywhere, but coins are heavy and wallets get lost, so banks found a trick: Tom's coins could stay safe in the bank. When Tom paid by card, the bank changed two numbers in its book. Tom's number went down by two and the seller's went up by two. No coins moved, only numbers. From the 1960s, cash machines gave out cash at any hour, though the bank still kept the number. In the 1990s, people began shopping on computers, and a van brought the parcel. Lately, cards and phones learned to tap, and apps let friends send money in seconds. Digital money only works if the records are right, so banks keep them carefully. Cash has strengths too: it works with no power or signal, and it stays private.
1
Grandpa Tom buys apples for coins. The coins pass from his hand to the seller.
2
Tom pays by card. The bank changes two numbers in its book. How many coins travel from Tom to the seller?
Two coins, in a vanNo coins, only numbers moveTwo coins, in a tap
3
Circle every way to pay where numbers move, not coins.
A tap on a readerA note handed across a stallAn app sends money to a friendCoins counted from a pocketScanning a square code at a stall
4
Join each to when it came.
1Cash machines
2Shopping on computers
3Tapping and apps
Afrom the 1960s
Bin the 1990s
Clately
Order, fix and think
5
Put these in order, oldest first.
Cash passes from hand to hand
Cards and phones learn to tap
Cash machines give out cash
People shop on computers
6
When a cash machine gives out cash, the bank still keeps your number.
TrueFalse
7
Which is a strength of cash?
It never gets heavy or lostIt always moves faster than appsIt works with no power or signal, and stays private
8
Maya says: when I tap my phone, real coins fly from my phone to the shop. Is Maya right?
YesNo
9
Digital money only works if its are correct.
coinsrecordsvans
10
Some places use almost no cash, but in other places it is still the main way to pay.
TrueFalse
11
Coins, cards, apps: what stays the same?
Coins are always heavyMoney is a promise we all agree onMoney always moves as numbers
12
Write two ways you or a grown-up paid for something this week.
13
Draw a coin moving from hand to hand. Then draw a number moving between two bank pages.
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Answer key · Set A
From cash to apps
12 He paid two coins, and whoever holds the coins owns them: that is cash.
2No coins, only numbers move Tom's number goes down by 2 and the seller's goes up by 2. The coins stay safe.
3A tap on a reader, An app sends money to a friend, Scanning a square code at a stall Taps, apps and codes ask the bank to move numbers. Notes and coins are cash: the thing itself changes hands.
41-A, 2-B, 3-C Cash machines came first, computer shopping later, and taps and apps lately.
51, 4, 2, 3 Cash is oldest, then cash machines (1960s), computer shopping (1990s), and taps lately.
6True The machine hands over coins, but the bank changes your number.
7It works with no power or signal, and stays private Coins are heavy and wallets get lost. What cash does well is work with no power or signal.
8No A phone carries no coins. It sends a message to move numbers.
9records Digital money lives in records, so the bank keeps them carefully and checks them twice.
10True People pay in different ways in different places.
11Money is a promise we all agree on Only how money moves has changed. It stays a promise people agree on.
12Your own words: a grown-up reads it.
Mark each answer, count the right ones and write the score on the sheet.