medium of exchange
noun
anything generally accepted as representing a standard of value and exchangeable for goods or services.
QUIZZES
THIS PSAT VOCABULARY QUIZ IS PERFECT PRACTICE FOR THE REAL TEST
In our third teacher-created PSAT practice test there are new and unique vocabulary terms you may have never heard of! Can you guess what they mean?
Question 1 of 10
seclusion
Origin of medium of exchange
First recorded in 1730–40
Words nearby medium of exchange
medium bomber, medium-dated, medium frequency, mediumistic, medium octavo, medium of exchange, medium quarto, medium-range ballistic missile, mediums, medium-scale integration, medium shot
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
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
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