A property of an asset that makes it desirable for use as a means of settling debts maturing in the future is a(n)
A) medium of exchange.
B) unit of accounting.
C) store of value.
D) standard of deferred payment.

Question

Quizplus · Accepted Answer

The property described in the question is that of being a standard of deferred payment, which means that an asset can be used to settle debts that are due in the future. The other options - medium of exchange, unit of accounting, and store of value - are important properties of money, but do not necessarily refer specifically to its use as a standard of deferred payment.

A Property of an Asset That Makes It Desirable for Use