Finding two parties to a trade,each of whom has something for which the other wishes to trade,is called a
A) unit of account.
B) store of value.
C) medium of exchange.
D) double coincidence of wants.
E) diversification of interests.

Question

Quizplus · Accepted Answer

Double coincidence of wants refers to the situation where two parties have something that the other wants, which allows for a trade to occur. This is essential for a traditional barter system, where goods or services are exchanged directly without the use of money. Options A, B, C, and E do not accurately describe this concept.

Finding Two Parties to a Trade,each of Whom Has Something