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What is a Arrangement for deferred payment for goods and services?
Wiki User
∙ 12y ago
credit
Wiki User
∙ 12y ago
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Which of these is the payment to the government in the circular flow of goods and services?
taxes
People desire more currency because it?
is accepted as payment for goods and services.
Which key term represents a process in which the performing entity receives payment for the billed goods and services?
It is not Billing
What is money?
Money is any object or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment.[4][5] Any kind of object or verifiable record that fulfills these functions can be considered money.
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
What do you call an arrangement of receiving money or goods or services now in exchange for the promise of payment later?
credit
What do you call an arrangement of receiving money goods or services now in exchange for the promise of payment later?
credit
In the circular flow of goods and services what does the government use money payment to provide?
Goods and services
Is it legal for a cashier to refuse to accept coins in payment for goods or services?
The coins are legal tender for debts public and private. It is not legal to refuse coins for payment for goods and services.
Which of these is the payment to the government in the circular flow of goods and services?
taxes
What is an advance payment?
An advance payment is a part of a sum which is paid or received in advance for goods and services.
People desire more currency because it?
is accepted as payment for goods and services.
What do you mean by deferred income?
Deferred income is the converse of accruals. It is income received during an accounting period, but for which the company has not yet supplied the goods and services as at the end of the period, so which cannot be recognised as income.
What is the transfer of money goods and services to a buyer with the understanding that payment will come at a later time?
This transfer of goods and services with the understanding of payment later can be one of these three things...Credit, Loan, and sometimes barter depending on the original agreement.
What are the difference between purchases and deferred payment?
........hire purchases,-propert is on the possession by the buyyer,but the right to own the goods remain to the seller until to the last installment paid.,.while DEFERRED PAYMENT- the right to own the propert shift to the buyyer soon after pay the down payment,but the p possession of propert is remain to the hands of the seller until the last installment is paid
When you set aside the money you have today in order to purchase goods and services later on you are using money as a?
Savings. Savings is also known as deferred expenditure.
What is the 2 definitions of money?
1. Money is what money does. 2. Accepted for the payment of Goods and services.
