Giving reasons, state whether the statements are true or false.Standard of deferred payments led to capital formation and economic development of the economy.

Giving reasons, state whether the statements are true or false.Standa

1.	Giving reasons, state whether the statements are true or false.Standard of deferred payments led to capital formation and economic development of the economy.
Answer» True. It is so because credit has become the life and blood of a modem capitalist economy that leads to economic development of the country.

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Giving reasons, state whether the statements are true or false.Standard of deferred payments led to capital formation and economic development of the economy.

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