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Who provides on-the-spot short term loans for up to 50 percent of an item's estimated value?

Choose one answer. a. pawnbroker b. credit card c. ATM d. payda...

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Who provides on-the-spot short term loans for up to 50 percent of an item's estimated value?

Choose one answer.
a. pawnbroker
b. credit card
c. ATM
d. payday loan

Answer

a.
pawnbroker A person who provides on-the-spot short term loans for up to 50 percent of an item's estimated value is also known as the pawnbroker.
The person lends money with an interest provided the a property be deposited and will be taken back after a specified period of time with the payment together with the interest.
This is more common to jewelries wherein someone pawns his/her jewelry in the pawnshop and will redeem it after a specific time provided the payment is completed.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 29 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 82 views.

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