Question : It was difficult to use goods as a store of wealth due to perishable nature of some goods and high cost of storage. Which function of money has solved this problem.
 

Option 1: Medium of exchange
 

Option 2: Measure of value (Unit of value)
 

Option 3: Store of value
 

Option 4: Standard of deferred payment.
 

Question : This function of money has simplified the borrowing and lending operations.
 

Option 1: Medium of exchange
 

Option 2: Measure of value (Unit of value)
 

Option 3: Store of value
 

Option 4: Standard of deferred payment.
 

Question : This function helps in calculating relative price of goods and services. Due to this reason it is regarded as 
 

Option 1: Medium of exchange
 

Option 2: Measure of value (Unit of value)
 

Option 3: Store of value
 

Option 4: Standard of deferred payment.
 

Question : This function provides security to individuals to meet contingencies, unpredictable emergencies and to pay future debts.
 

Option 1: Medium of exchange
 

Option 2: Measure of value (Unit of value)
 

Option 3: Store of value
 

Option 4: Standard of deferred payment
 

Question : This function has removed the major difficulty of lack of double coincidence of wants and inconvenience associated with the barter system.
 

Option 1: Medium of exchange
 

Option 2: Measure of value
 

Option 3: Store of value
 

Option 4: Standard of deferred payment.
 

Question : It is possible to derive the value of the Gross Domestic Product (GDP) of a country. Which function of money is applicable here?

Option 1: Store of value

Option 2: Unit of account

Option 3: Standard of deferred payments

Option 4: Medium of exchange