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

Medium-of-exchange Sentence Examples

  • This, as well as the word pecunia for money (pecus, cattle), indicates the fact of cattle having been the earliest Italian medium of exchange.

  • It is the universal medium of exchange throughout China for all retail transactions.

  • When the division of labour has been established, each member of the society must have recourse to the others for the supply of most of his wants; a medium of exchange is thus found to be necessary, and money comes into use.

  • State bonds were issued and public lands were sold to secure capital, and the notes of the banks, loaned on security, became a medium of exchange.

  • In the interior the principal medium of exchange among the natives is the large earthenware jars, imported originally, it is believed, from China, which form the chief wealth both of tribes and individuals.

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Words Starting With

MMEMED

Words Ending With

EGENGE

Unscrambles

medium-of-exchange

Words Starting With M and Ending With E

Starts With M & Ends With EStarts With ME & Ends With EStarts With M & Ends With GE

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