Any item that is widely accepted in exchange for the goods and services offered to consumers in a given market. One example of a medium of exchange is currency.
Related information about medium of exchange:
- Medium of exchange - Wikipedia, the free encyclopedia
A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system. By contrast, as William Stanley Jevons argued, in a ...
- Medium Of Exchange Definition | Investopedia
An intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. In modern economies the medium of exchange is currency.
- medium of exchange - The Free Dictionary
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 ...
- What is medium of exchange? definition and meaning
Definition of medium of exchange: Any item that is widely accepted in exchange for the goods and services offered to consumers in a given market.
- Economic Manuscripts: Medium of Exchange
Medium of Exchange. When, as a result of the establishing of prices, commodities have acquired the form in which they are able to enter circulation and gold has ...
- Medium of exchange Synonyms, Medium of exchange Antonyms ...
Synonyms for medium of exchange at Thesaurus.com with free online thesaurus, antonyms, and definitions. Dictionary and Word of the Day.
- The Function Of Money--A Medium Of Exchange
Money: The monetary function. Determining the value of money. Destroying its value: Who gains, who loses, in contrived inflation.
- Medium of exchange - Merriam-Webster Online
something commonly accepted in exchange for goods and services and recognized as representing a standard of value ...