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medium of exchange

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noun

anything generally accepted as representing a standard of value and exchangeable for goods or services.

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RELATED WORDS

cash, money

Nearby words

  1. medium,
  2. medium artillery,
  3. medium bomber,
  4. medium frequency,
  5. medium octavo,
  6. medium quarto,
  7. medium shot,
  8. medium strip,
  9. medium wave,
  10. medium-dated

Origin of medium of exchange

First recorded in 1730–40
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

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