Logical Reasoning - Essential Part - Discussion

The test author needs to have a better understanding of the meaning of the words that make up the test questions and answers. The word "necessary" means "required to be done" [what needs to be done before the given condition can come into being], not "the effect of a given cause. " So the question reads "what is necessary to make a purchase, " not "what is necessary to happen after a purchase. " In order to make a purchase, you need money. A trade is not considered a purchase because in the English language, the word "purchase" is universally understood to mean paying money to receive something, not exchanging something else for it (that's called a trade). You also don't need to acquire anything after a purchase. Tax dollars buy new buildings and stadiums but don't assign its ownership rights to the purchasers (taxpayers). Life insurance is not purchased for us to acquire but for our survivors to acquire after we die. This illustrates another point: you don't have to purchase something (or trade it for something else) to acquire it (such as an inheritance).

I think the correct answer should be money.

We require money to purchase. Without money, we do not purchase anything or acquire. Please explain it clearly.

It is a trade, money is not needed in some cases (barter system), the acquisition is also a form of trade.

Why not trade? what is purchase without trade. We can acquire by yany means. Can't we? I need more clarity.

We require money to purchase anything, only then we acquire it. So why acquisition ?

Even exchanging something for money is called trade isn't it?

This answer needs more clarification.

Acquisition in filed of accounting or marketing stand for corporate action in which a company buys most, if not all, of the target company's ownership stakes in order to assume control of the target firm. So for purchase acquisition is better option.

Why not money? thats the 1st requirement for purchasing something. If one doesn't have money, how can acquisition happen?

Logically if we takes what has been asked in the question is that what is necessary part of word and for purchase money is necessary as well as acquisition. Bank and trade are not that necessary.