Consider how you would trade your efforts for goods or services that you need if the economy did not use money of any kind.

Question

In the absence of money, trade would require:

A. money illusion
B. a store of value
C. a unit of account
D. a double coincidence of wants

Answer 1

In the absence of money, trade would require:

D. a double coincidence of wants.

This means that both parties involved in the trade would need to want what the other party has to offer, making barter transactions more complex and harder to execute compared to a monetary system.