medium of exchange

Definition

Any item that is widely accepted in exchange for the goods and services offered to consumers in a given market. One example of a medium of exchange is currency.

Use medium of exchange in a sentence

You need to make sure that there is a good medium of exchange and that all persons involved are satisfied.

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I wanted to know the medium of exchange and I was informed about the item I was interested in and how the process worked.

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We had suggested that the individual research crypto currency as it was a completely valid medium of exchange and storage of value.

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gold options market