Economy, asked by lakshmanank1971, 7 months ago

what is deferred payment in economics??

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Answered by tannu627

1

Answer:

In economics, 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. ... The other three being medium of exchange, store of value, and unit of account.

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Answered by harshu3242

1

In economics, 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. ... The other three being medium of exchange, store of value, and unit of account.

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