摘要:6.It is your ability that m . [答案] matters

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     Many children first learn the value of money by receiving an allowance. The purpose is to let children learn from experience at an age when financial mistakes are not very costly. The amount of money that parents give to their children to spend as they wish differs from family to family. Timing is another consideration. Some children get a weekly allowance. Others get a monthly allowance. In any case, parents should make clear what, if anything, the child is expected to pay for with the money.

At first, young children may spend all of their allowance soon after they receive it. If they do this, they will learn the hard way that spending must be done within a budget. Parents are usually advised not to offer more money until the next allowance. The object is to show young people that a budget demands choices between spending and saving. Older children may be responsible enough to save money for larger costs, like clothing or electronics.

Many people think it is not a good idea to pay your child for work around the home. These jobs are a normal part of family life. Paying children to do extra work around the house, however, can be useful. It can even provide an understanding of how a business works.

Allowances give children a chance to experience the three things they can do with money. They can share it in the form of gifts or giving to a good cause. They can spend it by buying things they want. Or they can save it. Saving helps children understand that costly goals require sacrifice: you have to cut costs and plan for the future.

Requiring children to save part of their allowance can also open the door to future saving. A saving account is an excellent way to learn about the power of compound interest. Compounding works by paying interest on interest. So, for example, one dollar invested at two percent interest for two years will earn two cents in the first year. The second year, the money will earn two percent of one dollar and two cents, and so on. That may not seem like a lot. But over time it adds up.

14. Many parents give children an allowance regularly to ______.

   A. meet children’s basic need for life        B. give control over their children

   C. see whether they have financial mistakes   D. help children learn how to manage money

15. For Children who receive allowances, they’d better not ________.

   A. waste money to buy gifts for their parents or friends

   B. buy their favorite clothing or electronics for themselves

   C. save money like their parents or other adults

   D. ask for the next allowance before the decided date.

16. If children are required to save their allowance, they ______.

   A. can experience the three things related to money

   B. can understand the relation between goals and sacrifice

   C. will do more work around the house

   D. help themselves found the basis for their future life

17. What does the underlined phrase “compound interest” mean?

   A. The interest based on the original money and unpaid interest.

   B. A way of helping children earn two percent interest.

   C. The interest intended for children to earn money.

   D. A saving account opened for children’s allowance.

18. What would be the best title for the text?

   A. How to Give Children an Allowance

   B. Spend Your Allowance within a Budget

   C. Allowance Helps Children Learn about Money

   D. Doing Housework Earns Children Allowance

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Have you ever thought about what you would like to do after school? Perhaps one of these rather different jobs will suit you.
TASTER: Food companies need people to taste the products that they are making. So many kinds of no bad-tasting food are put onto the supermarket shelves. All tasters do all day is take small bites of food. They make notes of what tastes good and what tastes bad. It is not a job for those who would like to stay thin.
SNAKE MILKER: This involves taking the poison out of a snake’s teeth. You hold the snake over a glass and make it open its mouth very wide. The poison will then drip from the back of the teeth into the glass; this is known as milking the snake. You have to be very brave if you want to try this.
GOLF BALL HUNTER: You will spend your day diving into waterholes at different golf courses to hunt for lost golf balls. You could be picking up as many as 5,000 balls a day. Many golfers are willing to buy used golf balls and you could be making a lot of money.
CLOCK CLEANER: Every day you will be climbing to the top of the clock towers in the city. Your responsibilities will be to oil, wind and repair the clocks. This is not a job for someone who is afraid of heights.
【小题1】 If you are a taster, you will          .

A.pick up golf ballsB.oil and repair the clocks
C.get some milk from snakes D.try different kinds of food
【小题2】 If you are afraid of heights, you’d better not choose the job as a          .
A.tasterB.snake milkerC.clock cleaner D.golf ball hunter
【小题3】 You can probably find this passage in a          .
A.newspaperB.textbookC.report D.novel

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