A loan says pay back in three years in cash. Money here is a standard …

Question

A loan says pay back in three years in cash. Money here is a standard of:

Accepted Answer

D. Deferred payment

1. The debt is set in money terms.
2. Payment comes much later.
3. That is a standard of deferred payment.
_Source: OpenStax Principles of Macroeconomics 3e, Chapter 14, Money and Banking._

Answer

Declared property

Answer

Delivered produce

Answer

Destined purchase

A loan says pay back in three years in cash. Money here is a standard of:

Keep practising Money and Banking