Part: You will hear a short extract about cashless future.

Write NO
MORE THAN THREE WORDS for each blank.
https://www.youtube.com/watch?v=-0ph-pvCSPc

 Physical money in the foreseeable future will turn into these - _____________________ of a
different age.
 There will be disappearance of _____________________, which will be electronic.
 Money is _____________________ for banks and consumers. Cash operation cost 0.5% of a
country’s GDP annually.
 Besides that cost, demand from young generations who are looking for fast, easy-to-use
_____________________ is the incentive to a cashless future.
 Digital payments are simple, neat and easier for governments to monitor tax
______________________. https://www.youtube.com/watch?v=Ur77lDetI9Q
 Yet there is downside. For instance, a democratic country in which people were not paying
much attention about _____________________ their privacy becomes undemocratic and
citizens are more closely controlled.
 _____________________________ could allow governments and private companies to harvest
personal data.
 But there is another threat: _____________________. In March 2019, 106 million people’s data
in Capital One bank was stolen by a solo hacker in a matter of days.
 Several countries are moving fast towards a cashless society. The number of
____________________________ per capita in Sweden have decreased by 80%. The trend is
necessary but the key is a _____________________.

KEY

1. Relics
 Relic(s): an object, a tradition, a system, etc. that has survived from the past
2. Hard cash
3. Cumbersome
 Cumbersome /ˈkʌmbərsəm/: slow and complicated
4. Means of payments
5. Evasion and fraud
6. Safeguarding
7. Electronic-money trails
8. Cyber-attacks
9. Retail cash transactions
10. Gradual transition