ICSE Class 10 Answered
How does money act as a standard of deferred payment?
Asked by Topperlearning User | 24 Apr, 2015, 07:31: AM
Expert Answer
Deferred payments refer to those payments which are made in the future. Money has made deferred payments easier. When money is borrowed, the principal and interest amounts have to be returned to the lender. However, these transactions are not possible in terms of goods and services. Money performs this function more effectively.
Answered by | 24 Apr, 2015, 09:31: AM
ICSE 10 - Economics
Asked by vijaykisho | 09 Apr, 2020, 10:01: PM
ANSWERED BY EXPERTICSE 10 - Economics
Asked by ayushisingh28042000 | 20 Jan, 2020, 01:25: PM
ANSWERED BY EXPERT
