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The Functions of Money; The Kinds of Money
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The Functions of Money; The Kinds of Money
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17. The Monetary System / The Functions of Money; The Kinds of Money / Problem 2
Problem 2
What role does money play in deferred payments?
A
It is only useful for immediate transactions.
B
It requires immediate payment for all transactions.
C
It allows for transactions to occur now with payments made in the future.
D
It loses value over time, making deferred payments impractical.
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