When employees receive their wages after they have completed two weeks' work, this is an example of money serving as a standard of 'deferred payment'.

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Money serving as a standard of deferred payment means that money is used as a tool for future transactions, where payment is not made immediately. In the given scenario, wages are paid after two weeks, which means that money is serving as a standard of deferred payment. Therefore, the statement is true.

When Employees Receive Their Wages After They Have Completed Two