How can I restrict kids making purchases in iPad Apps?

Cherry

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Some parents would buy their kids iPads,
And so did I.

Are there any ways that I can restrict my kids from making real money purchases by their iPads?
Can I restrict them from unknowingly making real money purchases?

I am asking this questions because a lot of iPad apps are free when you download it,
But would cost real money while you are using it.

Are there any setting or ways to prevent this?

Thank you. :)
 
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