Question

1. Which main point about money is the author trying to make in this text?

a) Money unfairly flows to the richest people in the world.

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

c) Money is the root of all evil.

d) Money can purchase many things but it cannot buy happiness.


2. According to the text, how did people mainly transact before the invention of money?

a) They used the barter system and traded physical goods.

b) They used seashells and beads as currency.

c) They lent and borrowed from each other.

d) Everything was free and everyone shared freely.


3. Why would the author lend to Joshua but not the tribe across the sea?

a) Joshua is the wealthiest person in town.

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

c) Joshua is a feared Roman soldier.

d) Joshua is the fastest person in the tribe.


4. What is the author's main purpose in writing the THIRD paragraph?

a) He is trying to convince us to forgo modern life and to live in tribes.

b) He is informing readers of the history of credit and debt systems.

c) He is explaining why tribal life is unproductive and wasteful.

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


5. Why did Roman army camps need to use money to facilitate trade?

a) Most people did not know each other.

b) Most people did not trust each other.

c) People often died in battle.

d) All of these reasons.


6. Which technologies enable modern societies to use credit systems?

a) Computers and government identification

b) Airplanes and phone networks

c) Radio waves and license plates

d) Steam power and waterways



7. Which is TRUE based on information from the text?

a) Roman army camps were much smaller than ancient tribes.

b) Roman army camps were about the same size as ancient tribes.

c) Roman army camps were much larger than ancient tribes.

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


8. With which statement would the author most likely AGREE?

a) Money allows civilizations to grow very large.

b) Credit and debt systems are primitive and only were only used in ancient times.

c) Money ruins civilizations by making everyone greedy.

d) Credit and debt systems cannot function in the modern world.


9. Which event happened LAST in history?

a) Thousands of people lived in Roman Army camps.

b) Credit and debt systems became widespread again due to technology.

c) Money was invented.

d) Ancient tribes used mainly credit and debt systems for exchange.


10. With which statement would the author most likely DISAGREE?

a) If someone has a good reputation, it is easier to trust him or her.

b) Reputations are important for lenders and borrowers.

c) Money makes trading easier for people who do not know each other.

d) People can easily maintain good relationships with thousands of other people.




1. Why is reputation important when it comes to lending and borrowing? How does one maintain a good reputation as a borrower?



2. How has technology helped systems of lending and borrowing to reach the masses? How are people able to get credit from a bank that does not personally know them?

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