What might be the consequences if the barter system were still in use today, instead of money?

If the barter system were still in use today, it would cause significant inefficiencies in global and local economies.

• The most significant issue would be the double coincidence of wants, where two parties must both have what the other needs, which is not always possible.
• This would slow down trade and complicate everyday transactions.
• Furthermore, without a common standard of value, determining the worth of goods or services would be challenging.

· It would also limit the ability to store value or save money for future use, causing disruptions in long-term planning and financial stability.