medium of exchange
noun
anything generally accepted as representing a standard of value and exchangeable for goods or services.
Origin of medium of exchange
First recorded in 1730–40
Words nearby medium of exchange
medium,
medium artillery,
medium bomber,
medium frequency,
medium octavo,
medium of exchange,
medium quarto,
medium shot,
medium strip,
medium wave,
medium-dated
British Dictionary definitions for medium of exchange
medium of exchange
noun
anything acceptable as a measure of value and a standard of exchange for goods and services in a particular country, region, etc