If lenders refuse to state the debt in terms of dollars, then dollars are NOT a
A) medium of exchange.
B) unit of accounting.
C) store of value.
D) standard of deferred payment.

Question

Quizplus · Accepted Answer

If lenders refuse to state the debt in terms of dollars, then dollars are not being used as a standard of deferred payment, which is the function of money that allows it to be used to settle debts that are to be paid in the future.

If Lenders Refuse to State the Debt in Terms of Dollars