Question

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

Answer 1

Consumers will pay a high interest rate on the item.

Explanation: Rent-to-own deals often have very high effective interest/finance charges, so the total paid far exceeds the cash price.