Ray was not a pawnbroker. Why then did he lend money to people in exchange for their old watches and clocks?

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Solution

Ray was not a pawnbroker. He did not lend money to people in exchange for their old watches and clocks. However, he had old wise eyes. He realized that the man was in need of money. He was kind, so he decided to lend him some money in exchange of his watch..

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Similar questions

Answer the following questions.

1. Why do you think Rashid’s uncle asked him not to buy anything in his absence? (3)

2. Why was the shop called ‘Lucky Shop’? (4)

3. An old man won a clock and sold it back to the shopkeeper. How much money did he make? (5)

4. How many prizes did the boy win? What were they? (6)

5. Why was Rashid upset? (7, 8, 9)

6. In what way did the shopkeeper make a fool of Rashid? (11)

___ refers to a social process whereby people exchange goods and services for money or for something of value to them.

Why can't we exchange Monopoly money for buying goods in a shop?

R s 14, 000

3

R s 2310

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