Medium-of-exchange Definition

media-of-exchange, mediums of exchange
noun
Something, such as a precious metal, that is commonly used in a specific area or among a certain group of people as money.
American Heritage
Anything used as a measure of value in exchange for goods and services; currency, checks, etc.
Webster's New World

An intermediary used in trade to avoid the inconveniences of a pure barter system, such as money.

Wiktionary
Synonyms:
monetary system

Other Word Forms of Medium-of-exchange

Noun

Singular:
medium-of-exchange
Plural:
media-of-exchange, mediums of exchange
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