Some websites and platforms offer brilliant apps for controlling spendings. Read the text about the Pocket Money mobile app and choose the answers to the questions below.
Have you heard anything about a new app called Pocket Money? It is an easy-to-use application that maintains a Pocket Money banking system. This allows teens to learn simple banking techniques, reduces the need to give them cash, and provides an easy way to track children's expenses. Do you know that teens can spend a lot of money in one day? This app will control their transactions and help to limit their opportunity to buy things.
Teens can see how much they have earned from paid household chores, or request money from their parents' accounts when they want to buy something but don't have enough money. The parents will decide whether they want to give more money or not. If their child wants to buy an educational course, or a present for a friend, or a new accessory, they can approve the transaction. The system doesn't give a chance for lending money to other people.
Parents can change any payment and even cancel unwanted payments, just like a bank manager. Teenagers can only pay money from their account, just like a bank customer. Using the Pocket Money app, teenagers become more responsible and cautious with money.
All the transactions use a PIN number to authorise payments. Backups can be made in case of data loss. The detailing of transactions can be emailed to any address. The data can be stored locally on your device, or in a cloud. There are a lot of options for keeping information and safety.
Choose the correct option.
What can parents do if they have the Pocket Money app? [They don't have access to the app.|They can see where their child is now.|They can cancel any payment.]
Where can the application data be stored? [The data can be stored only locally on the user's device.|The data can be stored both locally and in a cloud.|The data can be stored only in the cloud on the company's servers.]
What can't teenagers do using this app? [They can't lend money to others.|They can't request more money from their parents' bank account.|They can't buy presents for their friends.]