medium of exchange definition

  • noun:
    • some thing, like a precious steel, this is certainly commonly used in a certain location or among a certain crowd as cash.
    • An intermediary found in trade to avoid the inconveniences of a pure barter system, including cash.
    • whatever is employed for effecting an exchange of products -- money or existing representatives of income.
    • anything that is considered as a typical of value and a measure of wealth in a specific nation or region

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  • Definition for "medium of exchange"
    • some thing, like a precious steel, this is…
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