Rent-to-own agreements can negatively impact consumers because:(1 point)

Question

Responses

Consumers do not have to pay cash for the item
Consumers do not have to pay cash for the item

Consumers will pay a high interest rate on the item
Consumers will pay a high interest rate on the item

Consumers can immediately have access to the item
Consumers can immediately have access to the item

Consumers are limited from purchasing similar items
Consumers are limited from purchasing similar items

Answer 1

The most relevant response indicating a negative impact of rent-to-own agreements on consumers is:

Consumers will pay a high interest rate on the item.

While the other options highlight aspects of rent-to-own agreements, the high interest rates significantly contribute to the overall cost and financial burden for consumers, making it a critical concern.