medium of exchange

Definition of Medium Of Exchange in English :

1. medium of exchange, monetary system

anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region

WordNet Lexical Database for English. Princeton University. 2010.

Medium Of Exchange

noun

anything acceptable as a measure of value and a standard of exchange for goods and services in a particular country, region, etc

anything used as a measure of value in exchange for goods and services; currency, checks, etc.

n. pl. media of exchange or mediums of exchange

Something, such as a precious metal, that is commonly used in a specific area or among a certain group of people as money.