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View synonyms for medium of exchange

medium of exchange

noun

  1. anything generally accepted as representing a standard of value and exchangeable for goods or services.


medium of exchange

noun

  1. anything acceptable as a measure of value and a standard of exchange for goods and services in a particular country, region, etc
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word History and Origins

Origin of medium of exchange1

First recorded in 1730–40
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Example Sentences

Metal coins may be just about the oldest medium of exchange still in use today, but ensuring their worth requires some of the most state-of-the-art technology available.

For most of crypto’s existence, we’ve been debating just what sort of financial product it is: a medium of exchange, like the dollar, or a store of value, like gold or stock certificates.

It is frequently mentioned as a measure and medium of exchange in Icelandic legal texts, as well as sales accounts, church inventories and farm registers, from the 1100s into the 17th century.

Terra was “designed as a medium of exchange, not an investment,” a Terraform Labs spokesperson said in an email statement.

They are popular as safe-havens in times of turmoil in crypto markets and are a common medium of exchange, often used by traders to move funds around and speculate on other cryptocurrencies.

From Reuters

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