medium of exchange


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Related to medium of exchange: measure of value

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
(Banking & Finance) anything acceptable as a measure of value and a standard of exchange for goods and services in a particular country, region, etc

me′dium of exchange′


n.
something generally accepted as representing a standard of value and exchangeable for goods or services.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.medium of exchange - anything that is generally accepted as a standard of value and a measure of wealth in a particular country or regionmedium of exchange - anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
criterion, 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"
legal tender, tender, stamp - something that can be used as an official medium of payment
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
Translations
References in classic literature ?
Money then being established as the necessary medium of exchange, another species of money-getting spon took place, namely, by buying and selling, at probably first in a simple manner, afterwards with more skill and experience, where and how the greatest profits might be made.
One can doubtless hit upon some medium of exchange that seems to do well enough, but it's no more like the real thing than money is like food.
Heads are a medium of exchange, and white heads are extremely valuable.
The BSP recognizes the huge potential of digital technology, including cryptocurrencies, which is an emerging medium of exchange globally.
said they will come up with additional "responsive" regulations on digital technology that includes cryptocurrency, but reiterated that there will be no BSP endorsements of privately-issued digital funds as a medium of exchange.
In addition to the launch of the portal, Etherty revealed that it will be introducing a cryptocurrency token (ETY), which will serve as a medium of exchange.
The FSRA notes that virtual currencies, although not legal tender, are gaining interest globally as a medium of exchange for goods and services.
The FSRA notes that virtual currencies, although not legal tender, are gaining interests globally as a medium of exchange for goods and services.
Money is defined as a commonly accepted medium of exchange.
Ironically, my reason for owning Litecoin has switched from an investment preference to a medium of exchange for other crypto preferences.
If cryptocurrencies are to replace money, then they have to fulfil money's three core functions: as medium of exchange, a measure of value and a store of value.
A cryptocurrency is an alternative asset designed to work as a medium of exchange and uses cryptography to secure its transactions.

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