How will you teach your children to address their elders?

BCRanger10 u
That's right. YOU and your friends are now or will soon be the elders. In that case, how will you teach your children to address them? Will you teach them to call your friends Mr., Ms., or Mrs. Smith or by name?

My wife and I are teaching our son to say Mr., Ms., and Mrs.
How will you teach your children to address their elders?
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