medium of exchange
Medium of exchange
A
medium of exchange is an intermediary used in
trade to avoid the inconveniences of a pure
barter system.
medium of exchange
medium of exchange
medium of exchange
n : anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region [syn: monetary system]
medium of exchange
Noun
1. anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
(synonym) monetary system
(hypernym) standard, criterion, measure, touchstone
(hyponym) tender, legal tender
medium of exchange