Read the passage please then answer the questions below:

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P. Please read the text and answer the questions below. Lending exchange that bypasses high street banks attracts interest. By Paul J Davies, FT (par. 1) An online service designed to allow borrowers and lenders to bypass the big high street banks has garnered strong interest in its first four months of operation. From a 300- member beginning, Zopa short for zone of possible agreement - now has more than 26,000 members, according to James Alexander, a co-founder and chief financial officer. About 35 per cent are lenders, who between them have 3m of capital waiting to be handed out. Mr Alexander will not say how much has been lent, but average loans have been between 2,000 and 5,000; Zopa is hoping that will creep more towards 8,000 in coming months. (par. 2) The idea for the business, which describes itself as a "lending and borrowing exchange", came from market research that came up with the notion that there was a market of "freeformers" to be tapped. They might be self-employed or do work that is project-based or freelance, Mr Alexander says. "They're people who are not understood by banks, which value stability in people's lives and income over everything else. (par. 3) Most importantly, he adds, while their incomes and lifestyles may be irregular, they can still be assessed as creditworthy. The exchange matches people who want to borrow with people who want to lend, although each lender's money is parcelled out between at least 50 borrowers. Zopa earns its money by charging borrowers 1 per cent of their loan as a fee, and from commission on any repayment protection insurance. (par. 4) Lenders are so far seeing average returns of 7.6 per cent, Mr Alexander says. There have yet to be any defaults, however. Borrowers who fail to pay will be pursued through the usual channels and get a black mark against their credit histories. But for the lender, their investment is not protected by any compensation scheme, unless they have been defrauded. Borrowers, meanwhile, can find rates as low as 5.9 per cent. (par. 5) Zopa says it has 20 countries where people want to set up franchises. The most important though is the US, where Zopa has had a team working on finding a route through the regulatory hurdles since late last year. Banks do not generally see Zopa as a threat to their high street business. One analyst called it one of these things that could catch on but probably won't". (par. 6) The challenge for Zopa, which has been relying mainly on word of mouth and online marketing, is to make people aware of its services and to attract credit-worthy borrowers. And in a climate of high indebtedness and slowing consumer spending, that may be the biggest challenge of all. Read the text again and decide if the following statements are True or False. (1p. per question) 96. The average interest lenders receive is 7.6 per cent. a. True b. False 97. If borrowers don't pay their debts, the company lenders have clever new ways to get their money back. a. True b. False 98. Lenders are covered by insurance so, even if the borrowers don't pay, they will always get some of their money back. a. True b. False 99. There were no obstacles in setting up a franchise in the US last year. a. True b. False 100. Finding trustworthy borrowers is not easy in a time of financial difficulties. a. True b. False