Money will serve as a standard of deferred payment if it ...
Money will serve as a standard of deferred payment if it is
Homogeneous
Durable
Easily recognized
Stable in value
Correct answer is D
Standard of deferred payment is a function of money. It is the function of being a widely accepted way to value a debt, thereby allowing goods and services to be acquired now and paid for in the future. For it to serve this purpose, it has to be able to retain its value overtime.
In which of the following ways has inflation adversely affected your country’s economy? ...
Which of the following is NOT a major function of a Central Bank? ...
Labour-intensive strategy of industrialization emphasizes the use of ...
Public limited liability companies are democratic in nature because ...
The need to construct a scale of preference is necessitated by ...
Wholesalers play an important role in the distribution of goods and services because they? ...
Taxes levied on goods and services by government are called ...