medium of exchange

collocation in English

meaningsofmediumandexchange

These words are often used together. Click on the links below to explore the meanings. Or,see other collocations withexchangeormedium.
medium
noun[C]
uk
/ˈmiː.di.əm/us
/ˈmiː.di.əm/
a method or way of ...
See more atmedium
exchange
noun
uk
/ɪksˈtʃeɪndʒ/us
/ɪksˈtʃeɪndʒ/
the act of giving something to someone and them giving you ...
See more atexchange

(Definition ofmediumandexchangefrom theCambridge English Dictionary© Cambridge University Press)

Examplesofmedium of exchange

These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
However all of these approaches are somewhat ad hoc and do not explain why intrinsically worthless money can have value asmediumofexchange.
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Early silver coins, known as sceattas, appeared, replacing the impractical gold thrymsa as amediumofexchange.
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They performed the function of money as amediumofexchange.
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According to economists, money is amediumofexchange.
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The use of money as amediumofexchangeand unit of account is necessary to solve the first two problems of economic calculation.
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However economics does not explain how individual human beings and societies came to accept symbolic money as amediumofexchangeor store of value.
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A currency is a unit of exchange and hence a kind of money andmediumofexchange.
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More recently cryptocurrencies such as bitcoin have been used asmediumofexchangein black market transactions.
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Duplicate stamps can be sold or traded, so they are an importantmediumofexchangeamong collectors.
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The commonmediumofexchangewas lump silver coinage, followed by gold and copper lump coinage.
From
Wikipedia
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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