adel wants to get $100 immediately to pay for concert tickets. he currently has no cash or income, but he…

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 adels needs? rent - to - own service pawnshop check cashing business payday loan business

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 adels needs? rent - to - own service pawnshop check cashing business payday loan business

Answer

Brief Explanations:

A pawnshop loans money in exchange for collateral like Adel's gold - watch. Rent - to - own is for purchasing items over time, check - cashing is for cashing checks, and payday loan is based on future income, not collateral.

Answer:

pawnshop