medium of exchange (Meaning)
Wordnet
medium of exchange (n)
anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
Synonyms & Antonyms of medium of exchange
No Synonyms and anytonyms found
medium of exchange Sentence Examples
- The main function of currency as a medium of exchange is to facilitate transactions between buyers and sellers.
- Money is the most widely accepted medium of exchange in modern societies.
- Bartering was the primary medium of exchange before the development of currency.
- Governments regulate the value and issuance of their national currencies as the primary medium of exchange.
- Cryptocurrencies such as Bitcoin have emerged as an alternative medium of exchange in some contexts.
- The stability and value of a country's currency can have significant implications for its economy and the confidence of its citizens.
- The internet has expanded the possibilities for online payments and digital currencies as mediums of exchange.
- The use of mediums of exchange reduces the need for double coincidences of wants in trade.
- Gold and silver have historically served as mediums of exchange in many cultures.
- A medium of exchange must be widely accepted and trusted in order to function effectively.
FAQs About the word medium of exchange
anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
No synonyms found.
No antonyms found.
The main function of currency as a medium of exchange is to facilitate transactions between buyers and sellers.
Money is the most widely accepted medium of exchange in modern societies.
Bartering was the primary medium of exchange before the development of currency.
Governments regulate the value and issuance of their national currencies as the primary medium of exchange.
