When buying a car, Salma agrees to pay half of the cost now and the other half in six months time. Which function of money does this illustrate?

A.
divisibility
B.
durability
C.
standard of deferred payment
D.
store of value
Economics
IGCSE&ALevel
CAIE
Exam No:9708_w24_qp_32 Year:2024 Question No:16

Answer:

C

Knowledge points:

9.4.1 definition, functions and characteristics of money
9.4.2 definition of money supply

Solution:

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