In a barter system, finding a person who has the product we need and who needs the product we have is called __________.

pairing of sellers

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double coincidence of wants

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double pairing of people

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triple coincidence of needs

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Solution

The correct option is B double coincidence of wants
In a barter system, goods were directly exchanged without the use of money. The parties in the barter system exchangeed their goods only if they wanted each other's goods. This was known as the double coincidence of wants. To overcome this drawback of the barter system, an intermediate good or a medium of exchange was introduced.

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