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II. Look at statements 1-4. In each statement, which phrase or sentence is correct?

1. One possible outcome of the replacement of labour by computers is the gradual elimination of cash from the economy – or so some commentators have claimed.

A. It is suggested that cash should be removed from the economy.

B. It is supposed that computers will deal with cash rather than people.

C. It is stated that the economy might get rid of cash as a result of computerisation.

2. If necessary, the information is then directed down the line to the card issuer for authorisation.

A. If there is a need the card issuer is addressed for user identification.

B. If necessary, local authorities are addressed to confirm the information.

C. Every time the card is used, it should be checked by the card issuer.

3. The advantage of this system is that it does away with the processing by hand of pieces of paper.

A. The system has stopped the processing by hand of pieces of paper and this is its advantage.

B. There is not much paperwork with the introduction of the system.

C. The system has the advantage of completing manual processing of pieces of paper.

4. If this EFTPOS system were to become widely used for small transactions, it could well reduce the need for cash.

A. The application of the EFTPOS system to a greater number of small transactions is likely to reduce the need for cash.

B. Cash will no longer exist, if the EFTPOS system is used for small transactions.

C. Making small transactions people would avoid using cash if the EFTPOS system were introduced.

III. Choose the best answer to complete each gap in the text.

The ___ (1) of cash machines to virtually ___ (2) bank and building society branch and to many larger stores has been ___ (3) in recent years. The sheer simplicity of ___ (4) cash at all hours from these machines, not only from your ___ (5) account but also on your credit card, is obviously a huge encouragement to the use of cash.

1. a) use

b) development

c) spread

d) set-up

2. a) each

b) every

c) either

d) all

3. a) intermediate

b) rapid

c) instantaneous

d) temporary

4. a) achieving

b) reaching

c) accepting

d) obtaining

5. a) current

b) every day

c) daily

d) flow

IV. Are sentences below “Right” or “Wrong”? If there is not enough information to answer, choose “Doesn’t say”’.

1. In practice people use a cheque when they want to give a direction to a bank to pay money on demand to a named person or organization.

A. Right B. Wrong C. Doesn’t say

2. Every time you pay by means of a card you should enter your PIN.

A. Right B. Wrong C. Doesn’t say

3. Though there are several purposes of the EFTPOS system, the main one is elimination of cheques and credit-card slips.

A. Right B. Wrong C. Doesn’t say

4. Cash still is used to pay for various items and its use has even grown.

A. Right B. Wrong C. Doesn’t say

5. Both EFTPOS and ATMs despite their differences might make the activity of banks more economical.

A. Right B. Wrong C. Doesn’t say

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