Rent to Own Quiz
1. About how many rent-to-own stores were in Missouri in 2007?
A. 500
B. 290
C. 314
D. 422
2. Missouri is one of seven states with a law that
regulates rent-to-own transactions as credit sales.
True
False
3. How many U.S. homes were reached by rent-to-own
sales in 2003?
A. 3 million
B. 4.2 million
C. 234 thousand
4. The average rent-to-own store had less than
$300,000 in profit in 2007.
A. True
B. False
5. Men use rent-to-own stores more often than women.
True
False
6. The cost to buy a TV from a rent-to-own store is
about twice the cost to buy the same TV from a department store.
A. True
B. False
7. As of the late 1990’s nearly all rent-to-own
customers paid on time.
True
False
8. In 1997 what was the average highest APR charged
on refrigerators and television that rent-to-own stores charged?
A. 120%
B. 89%
C. 324%
D. 275%
9. What percentage of customers rented long enough to
own the items in the year 2007?
A. 25%
B. 50%
C. 70%
D. 85%
10. How many rent-to-own customers were satisfied
with their experience?
A. 50%
B. 90%
C. 81%
D. 44%
