OpenStudy (anonymous):

@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

4 years ago
OpenStudy (tkhunny):

Pawnbrokers tend to deal with single-payment redemption.

4 years ago
OpenStudy (anonymous):

why is that?

4 years ago
OpenStudy (tkhunny):

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.

4 years ago
OpenStudy (anonymous):

oo ok

4 years ago
Similar Questions: