Question : This function of money has led to the creation of financial institutions.
 

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 facilities maintenance of business accounts, which would be otherwise impossible.
 

Option 1: Medium of exchange
 

Option 2: Measure 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 : Which function of barter exchange involved huge trading cost?
 

Option 1: Double coincidence of wants
 

Option 2: Common measure of value
 

Option 3: Standard of deferred payment
 

Option 4: Store of value.