Money will serve as a standard of deferred payment if it ...
Money will serve as a standard of deferred payment if it is
Homogeneous
Durable
Easily recognized
Stable in value
Correct answer is D
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. For it to serve this purpose, it has to be able to retain its value overtime.
Devaluation of a currency in a country is likely to lead to ...
When the marginal utility of a commodity is zero the total utility is ...
Despite the benefits large firms enjoy, it could be limited by the ...
The additional revenue obtained by using one more unit of a factor is called ...
Which of the following is not function of central bank ...
Devaluation helps in checking adverse balance of payments if the ...