As a standard of deferred payment, money:
Allows a common standard for comparison
Is portable
Allows debt to be transferred to later periods
All of the above
Money allows debt to be transferred to later periods. This function is called the standard of deferred payment.
Explain the 'standard of deferred payment' function of money.
Money as a standard for deferred payments has led to the emergence of:
Explain the significance of the 'Standard of Deferred Payment' function of money.