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What is meant by standard of …

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What is meant by standard of deferred payment

Posted by Amal Raj 6 years, 6 months ago

CBSE > Class 10 > Social Science

1 answers

Gaurav Seth 6 years, 6 months ago

Deferred payments refer to those payments which are made in the future. Money has made deferred payments easier. When money is borrowed, the principal and interest amounts have to be returned to the lender. However, these transactions are not possible in terms of goods and services. Money performs this function more effectively.

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CBSE > Class 10 > Social Science