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Money and Banking — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMoney and Banking3 Marks
Question
Explain the 'standard of deferred payment' function of money.
✓

Answer

Money serves as a standard of payments contracted to be made in future. It makes borrowings and lending convenient.

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