Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “medium of exchange”

medium of exchange

noun [S]
 
 
MONEY
something that is used to pay for goods or services, for example a particular currency: The euro has emerged as a global medium of exchange to rival the dollar.
(Definition of medium of exchange from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of medium of exchange?
Add Cambridge dictionaries to your browser to your website

Word of the Day

lamb

a young sheep, or the flesh of a young sheep eaten as meat

Word of the Day

The way we move (Verbs for walking and running)

by Kate Woodford,
March 25, 2015
​​​ This week we’re looking at interesting ways to describe the way that people move. Most of the verbs that we’ll be considering describe how fast or slow people move. Others describe the attitude or state of mind of the person walking or running. Some describe both. Starting with verbs for walking slowly,

Read More 

stackin’ p

March 30, 2015
idiom slang earning a lot of money ‘That’s a very generous present.”Yeah, well, she’s stackin’ p, innit?’

Read More