Question

Money acts as the standard for deferred payment.Do you agree? explain​

Answer 1

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. ... Money performs this function more effectively.

Explanation:

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Answer 2

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. ... Money performs this function more effectivelyIt 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.