Question : This function of money has simplified the borrowing and lending operations.
Option 1: Medium of exchange
Option 2: Measure of value (Unit of value)
Option 3: Store of value
Option 4: Standard of deferred payment.
Answer (1)
19th Jan, 2024
Correct Answer:
Standard of deferred payment.
Solution :
Money as a standard of deferred payment has simplified the borrowing and lending operations.
Hence Option D is correct.
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