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.
 

Question : Mr. D can exchange goods with Mr. F only when Mr. D has what Mr. F wants and Mr. F has what Mr. D wants. Which function of barter exchange is highlighted here?

Option 1: Double coincidence of wants
 

Option 2: Common measure of value
 

Option 3: Standard of deferred payment
 

Option 4: Store of value.
 

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 refers to the simultaneous fulfillment of mutual wants of buyers and sellers.
 

Option 1: Common measure of value
 

Option 2: Lack of double coincidence of wants
 

Option 3: Standard of deferred payment
 

Option 4: Store of value
 

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.