medium of exchange Definition

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.

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medium of exchange is ...
... part of the Forex and Economy subjects.

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medium of exchange appears in the definitions of these other terms on BusinessDictionary.com

inflationary spiral, monetary measurement, monetary unit of account, near money, currency crisis, and