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“Cash is king” is an age-old saying. 1. When in Berlin, do not count on getting around easily with j...
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“Cash is king” is an age-old saying. 1. When in Berlin, do not count on getting around easily with just a credit card. “Cash only” signs hang on front doors of shops and restaurants across the city.
2. After all, Germany is Europe’s leading economy and famous technological know-how. But, even while some of its neighbors in Europe and elsewhere are quickly swapping physical money for new pay technologies, many Germans prefer their euro bills. Cash is quick and easy to use, they argue. It provides a clear picture of personal spending, keeps transactions (交易) more private and is widely accepted in the country.
A study by the country’s central bank said Germans carried an average of 107 euros in their wallet. 3. Three-quarters of Americans in a U.S. bank survey said they carried less than $50, and one-quarter said they kept $10 or less in their wallet.
4. In 2008, for the first time, Germans used plastics for payments more than bills. According to a report, in Cologne, 48.6% of sales took place with a debit or a credit card, compared with 48.3% in cash.
Still, Germany has one of the highest rates of cash use in the European Union. The most important reasons for the close relationship of Germans to cash are their needs for protection of personal data, security and confidentiality (保密) of payments. 5. But the average German’s need for security will be sure to slow the process.
A. This may be surprising to some.
B. It’s far more than what Americans carry.
C. Change may happen in future generations.
D. Germany is not the only country that prefers cash.
E. For much of Germany, however, the phrase is still up to date.
F. It doesn’t matter if you’ve never heard of the saying.
G. That’s not to say that Germans rule out other modern payment methods.
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