medium of exchange Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “medium of exchange” in the English Dictionary

"medium of exchange" in Business English

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medium of exchangenoun [S]

uk   us   MONEY
something that is used to ​pay for ​goods or ​services, for ​example a particular ​currency: The ​euro has ​emerged as a ​globalmedium of ​exchange to ​rival the ​dollar.
(Definition of medium of exchange from the Cambridge Business English Dictionary © Cambridge University Press)
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