You go to work today, but will get your paycheck at the end of the month. This is an example of money serving as a
A) medium of exchange.
B) unit of accounting.
C) store of value.
D) standard of deferred payment.

Question

Quizplus · Accepted Answer

This situation demonstrates money serving as a standard of deferred payment, as the payment for work is postponed and will be received at a later date. Money serves as a means of delaying payment until a later time, thus acting as a standard for deferred payment in this scenario.

You Go to Work Today, but Will Get Your Paycheck