| medium of exchange n. pl. media of exchange or mediums of exchange Something, such as a precious metal, that is commonly used in a specific area or among a certain group of people as money. |
medium of exchange
n
(Economics, Accounting & Finance / Banking & Finance) anything acceptable as a measure of value and a standard of exchange for goods and services in a particular country, region, etc.
ThesaurusLegend: Synonyms Related Words Antonyms
| Noun | 1. |  medium of exchange - anything that is generally accepted as a standard of value and a measure of wealth in a particular country or regioncriterion, standard, touchstone, measure - a basis for comparison; a reference point against which other things can be evaluated; "the schools comply with federal standards"; "they set the measure for all subsequent work" money - the most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us" currency - the metal or paper medium of exchange that is presently used |
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