@rrp240

Martin is thinking about pawning his watch to get some quick money to pay his bills. If he gets the money from the pawnbroker, what type of loan will it most likely be?

A. Multipayment loan
B. Single payment loan
C. Revolving credit
D. Installment credit
@ganeshie8

Question

@rrp240

Martin is thinking about pawning his watch to get some quick money to pay his bills. If he gets the money from the pawnbroker, what type of loan will it most likely be?

A.	Multipayment loan
 		B.	Single payment loan
 		C.	Revolving credit
 		D.	Installment credit
@ganeshie8

tkhunny · Answer

Pawnbrokers tend to deal with single-payment redemption.

anonymous · Answer

why is that?

tkhunny · Answer

It's just the way they work.

Common terms are: Come back and pay in 120 days, or the item you have pawned belongs to me.

anonymous · Answer

oo ok