The term "double coincidence of wants"

A) means that people are trying to purchase the same thing.
B) is a situation where runaway prices are the result of printing too much money.
C) describes a barter situation where individuals agree to trade commodities in amounts satisfactory to both parties.
D) means that people with the same commodities agree to trade among themselves.

Double Coincidence of Wants

A condition in barter economies where two parties each hold an item the other wants, making it possible for an exchange to occur without a common medium of exchange.

Barter Situation

A trade system where goods or services are exchanged directly for other goods or services without the use of money as a medium of exchange.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type.