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The video provides a brief introduction to pawn shops, explaining their basic function and purpose.

What is the primary function of a pawn shop?

• To sell luxury goods

• To provide short-term loans

• To offer financial advice

• To invest in real estate

How do pawn shops contribute to the economy?

• By reducing interest rates

• By offering loans to those without credit

• By providing employment opportunities

• By increasing inflation

Which of the following is a benefit of using pawn shops?

• High interest rates

• No credit check required

• Long-term loan options

• Guaranteed loan approval

What is a potential drawback of using pawn shops?

• Strict credit requirements

• Limited operating hours

• Low interest rates

• Risk of losing collateral

Which item is typically not accepted by pawn shops?

• Jewelry

• Musical instruments

• Real estate

• Electronics