The user has uploaded an image of a reading passage titled "Money" but has not provided the specific questions that follow the text. The directions in the document state: "Read the following passage and answer the questions that follow." However, the questions themselves are not visible in the image provided.
Since I cannot see the questions, I cannot provide the "Final Answer" to the specific homework problems.
However, I can provide a
summary of the key points from the text to help you answer any questions that might be asked about it. This will serve as a study guide.
Key Points from the Passage:
1.
Main Idea: Money is one of the most important inventions because it allows people who don’t know or trust each other to trade easily.
2.
Before Money (Credit/Debt System):
* Early humans traded based on favors and debt (e.g., giving shoes to a tribe mate named Joshua, who then owes you a favor).
* This system worked well in small groups where everyone knew each other’s reputation.
*
Problem: It requires trust. You need to know the person will repay you. It doesn’t work with strangers or large groups (over 150–200 people) because you can’t track everyone’s reputation.
3.
Introduction of Money:
* Money solves the trust problem. A store owner doesn’t need to know you; they just need your money.
* Example: A Roman soldier in the 1st century could pay a blacksmith with gold/silver coins. The blacksmith didn’t need to trust the soldier’s promise to pay later; he got paid immediately.
4.
Modern Money System:
* Today, we have gone back to using credit and debt (like loans and credit cards).
*
Difference from the past: Banks and lenders use computers, government IDs, and algorithms to track our credit history and spending habits.
* They can issue credit to strangers because they have data on our "credit worthiness," even though they don’t personally know us.
How to Use This for Your Homework:
* If a question asks
why money was invented, look for answers about trading with strangers or solving the trust problem.
* If a question asks
about the Roman soldier, remember that coins allowed him to get armor repaired without needing a personal relationship with the blacksmith.
* If a question asks
about modern banking, look for answers about computers, algorithms, and tracking credit history.
If you can provide the specific questions from the bottom of the page (which are cut off in the image), I can give you the exact answers!
Parent Tip: Review the logic above to help your child master the concept of reading comprehension worksheet college.
