Standard of deferred payment” is a function of money that indicates a widely accepted way to value a debt such that a person can acquire goods at present and pay for them in the future.
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Standard of Deferred Payment: Definition How it Works - A function of Money
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Standard of Deferred Payment: Definition How it Works - A function of Money

Standard of Deferred payment is one function of money; it is the accepted way to settle debt in a given market. This assignment define concept & how it works.