Thelma grows carrots in her garden but she also needs a winter coat. John has an extra coat he does not need but would like to bake a carrot cake. The two find each other and make an exchange. This situation is called the:

Question

Quizplus · Accepted Answer

This situation is called the "double coincidence of wants," which occurs in a barter system where two parties each possess an item the other wants, allowing them to make an exchange without using money.

Thelma Grows Carrots in Her Garden but She Also Needs