Comprehension answers

Name: Haleema Kulsoom G7B

A1. b) Money allows people who don't know or trust each other to trade.

A2. c) They lent and borrowed from each other.

A3. b) Joshua is a person who is known and trusted.

A4. d) He is describing the weaknesses of the credit and debt system.

A5. d) All of these reasons.

A6. a) Computers and government identification.

A7. d) Nobody knows the actual size of Roman army camps.

A8. b) Credit and debt systems are primitive and only were only used in ancient times.
d) Credit and debt systems cannot function in the modern world.

A9. c) Money was invented.

A10. b) Reputations are important for lenders and borrowers.

A1. Reputation is important because the lender or borrower should know or trust you. If
you buy something from anybody who doesn’t know you, he or she need not trust you
to pay you depts, because of your respect.
A2. Now, the financial system once again depends on credits and debts. People are able to
get credit from a bank without any personal information because the lenders can track
everyone’s status. They use computers. They know our spending habits. They know
us well enough to issue credit to us, even though they don't actually know us.