medium of exchange

listen to the pronunciation of medium of exchange
Английский Язык - Английский Язык
An intermediary used in trade to avoid the inconveniences of a pure barter system, such as money
Anything that is acceptable in exchange for goods and services
Something, such as a precious metal, that is commonly used in a specific area or among a certain group of people as money
an item that is generally accepted as a means of payment for goods and services (chapters 2 and 10)
The most general name for things or services exchanged, including money, credit, hours of labor, etc, etc, indeed anything of value
an item that can be commonly exchanged for goods and services throughout the economy
Anything accepted in exchange in lieu of the wealth form desired
An item that buyers give to sellers when they want to purchase goods and services (pg 27)
Currency; an intermediate used during trade or commerce; an expediency accepted in an exchange; that which is used as money in an exchange
anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
medium of exchange
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