When you buy something one day and pay for it later, the repayment you make is denoted in terms of money.In this case, money is serving the role of a

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When you buy something and pay for it later, the repayment you make is denoted in terms of money, which serves as a standard of deferred payment. Money acts as a standard of deferred payment when a borrower promises to repay a debt in the future in terms of money. Therefore, the best choice for this scenario is option D- standard of deferred payment.

When You Buy Something One Day and Pay for It