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

The most popular online dictionary and thesaurus for learners of English

Meaning of “medium of exchange” in the English Dictionary

"medium of exchange" in Business English

See all translations

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)
What is the pronunciation of medium of exchange?
Add Cambridge dictionaries to your browser to your website
There, their and they’re – which one should you use?
There, their and they’re – which one should you use?
by ,
April 27, 2016
by Liz Walter If you are a learner of English and you are confused about the words there, their and they’re, let me reassure you: many, many people with English as their first language share your problem! You only have to take a look at the ‘comments’ sections on the website of, for example, a popular

Read More 

Word of the Day

star

a very large ball of burning gas in space that is usually seen from the earth as a point of light in the sky at night

Word of the Day

trigger warning noun
trigger warning noun
May 02, 2016
a warning that a subject may trigger unpleasant emotions or memories This is not, I should stress, an argument that trigger warnings should become commonplace on campus.

Read More