Harvey needed some cash quickly, so he received a short-term loan based on the value of an old ring. Where did he go?

Question

Quizplus · Accepted Answer

Pawnshops are known for offering short-term loans, called pawn loans, where customers can borrow money based on the value of an item they bring in as collateral. In this case, Harvey received a loan based on the value of his old ring. Commercial banks, check-cashing outlets, payday loan companies, and rent-to-own centers do not typically offer pawn loans.

Harvey Needed Some Cash Quickly, So He Received a Short-Term