Advertisements
Advertisements
प्रश्न
The function of money which allows a person to pay for a commodity at a future date is called as ______.
पर्याय
Unit of account
Measure of value
Standard of deferred payment
Medium of exchange
उत्तर
The function of money which allows a person to pay for a commodity at a future date is called as standard of deferred payment.
Explanation:
The "Standard of Deferred Payment" function of money allows expressing and settling future debts in monetary terms, acting as a standard for deferred payments in modern economies.
संबंधित प्रश्न
What are the functions of Money? and explain it.
What is inflation?
Explain how money acts as a measure of value.
State the two primary functions of money.
Money performs both primary and secondary functions.
Identify a specific function of money which is related to future payments. State a reason.
‘Which function of money is most closely linked to saving?
Explain the transfer of value function of money.
How does money perform its role as medium of Exchange.
Explain the secondary functions of money.
How does money help the consumers and producers?
