Definition of medium of exchange Medium of exchange
me•di•um of ex•change
We found 2 definitions of medium of exchange from 2 different sources.
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What does medium of exchange mean?
WordNet
Noun |
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| medium of exchange - anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region | ||
| monetary system | ||
| touchstone, criterion, standard, measure the ideal in terms of which something can be judged; "they live by the standards of their community" | ||
| legal tender, tender, stamp ship that usually provides supplies to other ships | ||
| money wealth reckoned in terms of money; "all his money is in real estate" | ||
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