anything used as a measure of value in exchange for goods and services; currency, checks, etc.
medium of exchange
medium of exchangeWebster's New World College Dictionary, Fifth Edition Copyright © 2014 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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"medium of exchange." YourDictionary, n.d. Web. 14 January 2019. <https://www.yourdictionary.com/medium-of-exchange>.
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medium of exchange. (n.d.). Retrieved January 14th, 2019, from https://www.yourdictionary.com/medium-of-exchange
medium of exchange
noun
pl. media of exchange, or mediums of exchangeSomething, such as a precious metal, that is commonly used in a specific area or among a certain group of people as money.
THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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Cite this page
MLA Style
"medium of exchange." YourDictionary, n.d. Web. 14 January 2019. <https://www.yourdictionary.com/medium-of-exchange>.
APA Style
medium of exchange. (n.d.). Retrieved January 14th, 2019, from https://www.yourdictionary.com/medium-of-exchange
English Wiktionary. Available under CC-BY-SA license.
Link to this page
Cite this page
MLA Style
"medium of exchange." YourDictionary, n.d. Web. 14 January 2019. <https://www.yourdictionary.com/medium-of-exchange>.
APA Style
medium of exchange. (n.d.). Retrieved January 14th, 2019, from https://www.yourdictionary.com/medium-of-exchange
