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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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