Definitions
There is 1 meaning of the phrase
Medium Of Exchange.
Medium Of Exchange - as a noun
Anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
Synonyms (Exact Relations)
monetary systemHypernyms (Closely Related)
criterion11measure9standard10touchstone15Hyponyms (Broadly Related)
Example Sentences
"Money has been widely recognized as the primary medium of exchange."
"In a barter system, goods are directly exchanged without the need for a medium of exchange."
"The invention of currency revolutionized trade by providing a standardized medium of exchange."
"The use of gold as a medium of exchange dates back centuries."
"During times of hyperinflation, the local currency loses its functionality as a medium of exchange."
