When you go shopping, do you prefer using cash or a card? Banknotes, like W1,000 and W50,000 bills, have varying life spans. The main factor is how often we use them. In other words, the more we use banknotes, the shorter their life becomes. For example, a W1,000 bill would not last as long as a W50,000 bill because people use the former more often.
The COVID-19 pandemic changed people’s lifestyle. People stayed at home, and mobile payments became increasingly preferred. With people barely using banknotes, their life spans extended. A recent survey found that a W50,000 bill will now last for about 15 years, a W10,000 bill for about 11 years, and W5,000 and W1,000 bills for about five years.
Sean Jung Director
1. What does paragraph 1 say about banknotes?
2. What does paragraph 2 say about the life span of banknotes?
1. What do you spend money on? Explain.
2. What kind of jobs are high-income? Explain.
When you go shopping, do you prefer using cash or a card? Banknotes, like W1,000 and W50,000 bills, have varying life spans. The main factor is how often we use them. In other words, the more we use banknotes, the shorter their life becomes. For example, a W1,000 bill would not last as long as a W50,000 bill because people use the former more often.
The COVID-19 pandemic changed people’s lifestyle. People stayed at home, and mobile payments became increasingly preferred. With people barely using banknotes, their life spans extended. A recent survey found that a W50,000 bill will now last for about 15 years, a W10,000 bill for about 11 years, and W5,000 and W1,000 bills for about five years.
