Answered

What was the role of pawnbrokers in the High Middle Ages?

A)Making loans in exchange for political power

BMaking loans in exchange for property

C)Exchanging artisan goods for currency

D)Exchanging one type of currency for another

Verified Answer :

Answer

Basically the pawnbrokers offered secured loans to individuals against personal property.

Explanation

Pawnbrokers are people being an individual or a business or an organisation who offers money as loans to people which is secured with an item or personal property is used as a collateral. whenever you pawn a property or an item it means that you are you are using it as a collatel. And the pawnbroker will agree to give you cash and hold your item until the time you will pay back as per the agreement.

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