Explain the standard of deferred payment function of money
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standard of deferred payment is the accepted way, in a given market, to settle a debt – a deferred payment is not as widely used as other terms for functions of money, namely medium of exchange,store of value, and unit of account, though it is distinguished in some works.
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Standard of deffered payment means that money can be acts as a standard of payments which can be made in future.
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