Youtube Exercise » English Grammar Homework

The risks of becoming a cashless society | ABC News

ABC News (Australia)

55K views 1 year ago

Warm-up Questions

What do you think “a cashless society” means?
What are some benefits of using cash, and what are some benefits of using cards or digital payments?
Do you think Australia (or your country) is becoming more cashless? Why or why not?

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The risks of becoming a cashless society | ABC News

Are we already close to cashless? (00:00 – 01:49)

Transcript will load here…

1. What does the speaker suggest is a possible point where we might call society “cashless”?

When all transactions are under $50
When debit cards are banned
When cash falls to around 10% of transactions
When cash reaches exactly zero percent

2. According to the speaker, what mainly replaced cash for everyday payments?

Credit cards only
Cryptocurrency
Cheques
Debit cards

3. What concern does the speaker raise about moving away from cash too quickly?

It will make public holidays longer
It will stop supermarkets from operating
It will eliminate all bank charges
People in regional areas may still rely heavily on cash

The risks of becoming a cashless society | ABC News

Who pays for cash services, and is it fair? (01:49 – 02:46)

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1. What happened to the last major cash transport company not long ago?

It said it was struggling financially and received a bailout
It replaced cash transport with drones
It was banned from operating
It introduced free cash delivery nationwide

2. When was the threat of “no cash” mentioned as happening?

During the end of the financial year
During Christmas
During the Olympics
During Easter

3. What does the speaker say about the idea that merchants or customers should pay more for cash services?

They say it is necessarily reasonable
They say the government should ban cash
They say only tourists should pay
They say it is not necessarily reasonable

The risks of becoming a cashless society | ABC News

Cheques are being phased out—what problems could that create? (02:46 – 04:34)

Transcript will load here…

1. By when will cheques stop being issued, according to the video?

June 2028
December 2028
June 2026
June 2030

2. Which group is mentioned as still relying on cheques in some cases?

Airlines
The legal fraternity
Software companies
Hospitals

3. Why do some organisations still use cheques, according to the speaker?

Because electronic payments are illegal
Because of stubbornness only
Because legislation still requires cheques in some cases
Because people prefer handwriting

The risks of becoming a cashless society | ABC News

Transcript will load here…

1. What is one major risk discussed about moving toward a cashless society?

Cash will become more secure
Some people and regions could be excluded if cash access disappears
Debit cards will stop working on weekends
Prices will automatically fall

2. What broader idea does the speaker suggest about the payments system?

It should be treated more like a public utility than a profit-making product
It should return to using only cash
It should be run only by supermarkets
It should replace all laws related to money

3. Why can the decline of cash and cheques increase costs, according to the discussion?

Because cash becomes physically heavier
Because public holidays increase demand permanently
Because banks are not allowed to charge fees
Because fewer users can mean higher per-user costs to maintain the service

Discussion Questions

Discuss the ideas from this video

The risks of becoming a cashless society | ABC News

Should access to cash be protected by law (for example, requiring ATMs or cash services in regional areas)? Why or why not?
Who should pay the cost of keeping cash services available: banks, businesses, customers, or government? Explain your view.
Do you agree that the payments system should be treated like a “utility”? What would change if it were?
Cheques are being phased out. What kinds of payments or situations still need a “like for like replacement,” and what could replace them?