Which of the following would result without money to serve as a medium of exchange?

Question

Quizplus · Accepted Answer

Without money as a medium of exchange, transactions between buyers and sellers would become more complex and time-consuming, leading to an increase in transactions costs. This would deter people from engaging in trade and could lead to a less efficient allocation of resources. However, this does not necessarily mean that self-sufficiency would be required, gains from trade would be impossible, or cost of living would be higher.

Which of the Following Would Result Without Money to Serve