Ask Question
Today, 11:29

Stefanie takes out a five year car loan and agrees to pay $ 500 every month. Stefanie takes out a five year car loan and agrees to pay $500 every month. This scenario shows how money functions as a

+1
Answers (1)
  1. Today, 13:43
    0
    Standard of deferred payment

    Explanation:

    Deferred payment in economics is a feature of money It's the responsibility of becoming a widely recognized method of valuing a liability so that products and services can now be bought and compensated for in the future.

    Prominent in the theory of finance, 19th-century economist William Stanley Jevons found it one of four essential functions of wealth.

    The other three are medium of exchange, value store, and account unit.

    Many modern textbooks, though, now mention only the other three functions; finding the deferred payment requirement to be swallowed up by others.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Stefanie takes out a five year car loan and agrees to pay $ 500 every month. Stefanie takes out a five year car loan and agrees to pay $500 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers