Randhir asked Mugdha, " Can i get Rs 50,000 from you, i will return it back to you on the 1st of the coming month". According to you, which function of money is being referred to here?

Standard of deferred payments

Deferred payments refers to payments made in future. Money has made it possible for people to borrow, lend etc. As, money has a constant value throughout it overcomes all the problems associated with future payments.