Resurgence of Pawnbroker Outlets

Resurgence of Pawnbroker Outlets

Assessment

Interactive Video

Business

University

Hard

Created by

Wayground Content

FREE Resource

Pawn shops, once thought to be relics of the past, are seeing a resurgence, particularly in places like Leamington Spa. Over the last decade, these shops have experienced significant business growth, with a noticeable shift towards more expensive items like Rolex watches and diamond rings. Since 2003, the number of pawn brokers in the UK has more than doubled, driven by economic struggles and high unemployment rates. This demand has led to the emergence of national chains such as H&T.

Read more

5 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What types of items are becoming more common in pawn shops according to the text?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

What has been the trend in the number of pawn brokers in the UK since 2003?

Evaluate responses using AI:

OFF

3.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the economy affected the clientele of pawn brokers?

Evaluate responses using AI:

OFF

4.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of people using pawn broker services are unemployed?

Evaluate responses using AI:

OFF

5.

OPEN ENDED QUESTION

3 mins • 1 pt

What national chains have emerged in response to the demand for pawn broker services?

Evaluate responses using AI:

OFF