medium of exchange
noun
anything generally accepted as representing a standard of value and exchangeable for goods or services.
Origin of medium of exchange
1First recorded in 1730–40
Words Nearby medium of exchange
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
British Dictionary definitions for medium of exchange
medium of exchange
noun
anything acceptable as a measure of value and a standard of exchange for goods and services in a particular country, region, etc
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Browse