What is the meaning of medium of exchange?

noun

  • Anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). medium of exchange. Retrieved September 20, 2026, from http://smartdefine.org/medium_of_exchange/definitions/1325405
ChicagoWordNet. 2010. "medium of exchange" http://smartdefine.org/medium_of_exchange/definitions/1325405 (accessed September 20, 2026).
HarvardWordNet 2010, medium of exchange, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/medium_of_exchange/definitions/1325405>.
MLAWordNet. "medium of exchange" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/medium_of_exchange/definitions/1325405>