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Paper or plastic?

After paper, plastic seems to be the most popular material for making banknotes. Compared with paper money, plastic banknotes are stronger and last for a longer time, so people can keep using them. But they are much more expensive to make.

The fifth edition of the Renminbi (RMB) came out on Aug. 30, 2019. These bills will have brighter colors and new security features, which will make printing fake(假的)money even harder. We've been using banknotes for around 1, 000 years. Back in the Northern Song Dynasty, Chinese people made the world's earliest paper money to replace metal coins(金屬硬幣). These banknotes were called jiaozi.

Obviously, paper money is cheaper to make and easier to carry. These advantages made it more popular than other forms of money. But now, in the digital(數(shù)碼的)age, paper money seems to be disappearing for the same reason-what's more convenient than not having to carry any money at all?

My life in Beijing is quite different from that in India. 在中國, 我出去的時候很少帶錢。I can pay for almost everything by Alipay. It's amazing. However, if you don't take wallet with you, you'll get into trouble.

-Sam from India

China seems to be heading toward becoming a cashless society. From supermarkets to street stalls(小攤), people pay by using the WeChat Wallet and Alipay apps on their mobile phones. Sweden is even closer to a future without paper money. Many Swedish banks no longer even have cash on hand.

But there are worries about creating cashless societies. Some say, "It's unfair to the poor and people without too much education.”It's not easy for them to open bank accounts(賬戶)or deal with mobile phones. And if all of your money is digital, you may lose your money if your accounts are hacked(黑客攻擊).

Although paper money is in a losing war with electronic payment in some countries, it's still a big thing in most parts of the world. It may take a little longer than you think to see it go away.

1.When did Chinese people make the world's earliest paper money?

2.Why is plastic the most popular material for making banknotes? (one reason is OK)

3.What's the advantage of paper money?

4.Please translate the underlined sentence into English.

5.Please translate the underlined sentence into Chinese.

6.Do you think paper money is going away? Why or Why not?

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