Money serves as a standard of deferred payment when A. sellers are willing to accept it in exchange for goods or services. B. payments agreed to today but made in the future are in terms of money. C. it can be easily stored today and used for transactions in the future. D. All of the above are examples of money serving as a standard of deferred payment

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16-11-2021
Business

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Money serves as a standard of deferred payment when A. sellers are willing to accept it in exchange for goods or services. B. payments agreed to today but made in the future are in terms of money. C. it can be easily stored today and used for transactions in the future. D. All of the above are examples of money serving as a standard of deferred payment

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Tundexi Tundexi · Answer 1 · 2021-11-23T15:40:26+01:00

Money serves as a standard of deferred payment when payments agreed to today but made in the future in terms of money.

The function of standard of deferred payment performed by money relates to the function of valuing of debt which allows loan, goods and services to be acquired now and paid for in the future.

When customer takes a goods on credit, this is possible because money allows to value and take a debt for future repayment.

Therefore, the Option B is correct because its serves as a standard of deferred payment when payments agreed to today but made in the future in terms of money.

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