When Economists Refer to the Role of Money as a Standard

question 58

Multiple Choice

When economists refer to the role of money as a standard of deferred payment, they mean that

• A)payments by checks are usually deferred until the checks clear the bank.
• B)money earns interest while loan payments are deferred.
• C)money provides a standard for payments that will occur in the future.
• D)money today is worth less than money tomorrow.

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Definitions:

Prematurely

Occurring or done before the usual or proper time; too early.

Age Of Viability

The age at which a fetus may survive outside the womb, typically considered to be around 24 weeks of gestation with medical support.

Attachment

An emotional bond that forms between individuals, often influencing patterns of interpersonal relationships throughout life.

Strange Situation

A procedure developed by Mary Ainsworth in the 1970s to observe attachment relationships between a caregiver and child by watching the child's behavior under conditions of stress and reunification.