We are using cookies
This website uses cookies in order to offer you the most relevant information. By browsing this website, you accept these cookies.
This website uses cookies in order to offer you the most relevant information. By browsing this website, you accept these cookies.
Did you know?
You can double click on a word to look it up on TermGallery.
You can double click on a word to look it up on TermGallery.
Meanings of medium of exchange in English
Anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region.
Intermediary used in trade to avoid the inconveniences of a pure barter system.
Related terms
Synonyms
Examples for "monetary system"
Examples for "monetary system"
1
The future monetary system reform will need a supra-sovereign currency, Jiang said.
2
From the late 1960s Washington ceased to control the world monetary system.
3
We have helped to achieve significant reform of the international monetary system.
4
Chinese President Hu Jintao said the international monetary system had to be improved.
5
The international financial and monetary system will come to a halt and collapse.
Usage of medium of exchange in English
1
But it's not a currency, although it is a medium of exchange.
2
But there remains the first function -as a medium of exchange.
3
Heads are a medium of exchange, and white heads are extremely valuable.
4
Wampum was therefore enthusiastically adopted by the Pilgrims as the medium of exchange.
5
The shekel and the maneh were the only medium of exchange.
6
The exact medium is specie, the recognized medium of exchange the world over.
7
Malleable, divisible, indestructible, rare, it is the indispensable medium of exchange.
8
They are of no value except as a medium of exchange.
9
The payment was occasionally in kind, but money was the usual medium of exchange.
10
Used in Siberia and Mongolia, where it also serves as a medium of exchange.
11
In those days live stock were used as a medium of exchange, or money.
12
Silver, which was the general medium of exchange in Persia, must have been especially plentiful.
13
Cattle and slaves (from the word "slav") were the usual medium of exchange.
14
But its more prosaic prime function, economists tell us, is as a medium of exchange.
15
Every one likes to think that money is only a medium of exchange for labor.
16
We have heard endless discussions as to the nature of the future medium of exchange.
Translations for medium of exchange
Portuguese
Russian