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I) Refer to the Payment Systems video by Dr. Joeri Schasfoort (posted on 29 March 2023). From 1:29 to 2:35 he tells a hunter-farmer story.

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I) Refer to the "Payment Systems" video by Dr. Joeri Schasfoort (posted on 29 March 2023). From 1:29 to 2:35 he tells a "hunter-farmer" story. Let us draw an analogy between that story and the Ottoman situation described on Project Question 6 to answer the following questions: (i) in the Ottoman situation who approximates the hunter? (ii) in the Ottoman situation who approximates the farmer? (iii) can this kind of borrowing/lending result in debt accumulation, briefly explain? II) Refer to the "Payment Systems" video by Dr. Joeri Schasfoort (posted on 29 March 2023). From 3:50 to 4:50 he tells a "Flanders-Northern Italy" story. Answer the following questions (i) who is the creditor? (ii) what form does the loan take? (iii) where does the payment take place? (iv) is there any physical transfer of coins between Flanders and Northern Italy? (v) Suppose 1 piece of Flanders coin contains exactly 10 grams of gold, whereas 1 piece of Italian coin contains exactly 5 grams of gold. Logically the exchange rate would be 2 Italians for 1 Flanders. Would that rate apply for our story, briefly explain

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