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.
The part of income after tax that is not consumed is defined as ...
In the long run, all production factors are___________ ...
The lowering of the exchange rate between country's currency and other currencies is known as ...
Localization of industries is ...
One of the factor that may not promote industrial development is ...
An increase in money supply, other things being equal, will ...