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Adel wants to get $100 immediately to pay for concert tickets. He currently has no cash or income, but he has a nice gold watch that is worth $500. He is looking for a place to loan him the $100 by using his watch as collateral. Even though it can be risky, what type of business could best meet Adel’s needs? A. rent-to-own service B. pawnshop C. check cashing business D. payday loan business

Sagot :

GoodGuyBigBoi

Adel could easily just pawn the watch from cash but might not have a 500$ even, I say its B.

jaylennkatrina

Correct Answer: pawnshop

View image jaylennkatrina
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