Correct Answer: i-b, ii-c, iii-d, iv-a

Solution : The correct answer is i-b, ii-c, iii-d, iv-a.

i. Primary functions; b. Measure of value

Money is a universal metric for assessing the value of goods or services, allowing their worth to be quantified in monetary terms.

ii. Secondary functions: c. Store of value

An essential aspect of money involves its capacity for storage or preservation.

iii. Evils of money; d. Instability of value

A significant drawback of money is its inherent tendency to experience fluctuations in value, leading to economic instability. A scarcity of money elevates its value, leading to deflation or a decline in price levels.

iv. Contingent functions: a. distribution of national income

Money plays a vital role in fairly distributing the national output among contributors in modern society, including workers, capital owners, and landlords.