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Explain the standard of deferred. Payment …

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Explain the standard of deferred. Payment function of money how has it solved the related problem created by barter

Posted by Nishu Nishu 7 years, 7 months ago

CBSE > Class 12 > Economics

4 answers

Nishu Nishu 7 years, 7 months ago

Nisha nhi nishu

Nishu Nishu 7 years, 7 months ago

Oo thanks

Syed Khabib 7 years, 7 months ago

All ans are in my own language .Nisha

Syed Khabib 7 years, 7 months ago

Standard deffered payment means the payment which is to be made sometime in future. At the time of barter system it is very difficult to purchase goods and return the same and exact quality of goods and at that time there is also a problem of calculating interest on that goods But nowadays landing and borrowing can be easily made and interest also calculated on money. So money solved the problem of deffered payment and solved related problems of barter system .

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