Without Money to Act as a Medium of Exchange

Multiple Choice

Without money to act as a medium of exchange,

A) all exchanges that take place under a monetary system would still take place.
B) the standard of living in the economy would increase.
C) barter exchange would allow for a much simpler yet increased standard of living.
D) the increased transactions costs associated with trading would prohibit some trades from taking place.
E) independence in production would lead to a proliferation of new products.