MEDIUM OF EXCHANGE

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does medium of exchange mean? 

• MEDIUM OF EXCHANGE (noun)
  The noun MEDIUM OF EXCHANGE has 1 sense:

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

  Familiarity information: MEDIUM OF EXCHANGE used as a noun is very rare.

 Dictionary entry details 

• MEDIUM OF EXCHANGE (noun)

Sense 1

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

medium of exchange; monetary system

Hypernyms ("medium of exchange" is a kind of...):

criterion; measure; standard; touchstone (a basis for comparison; a reference point against which other things can be evaluated)

Hyponyms (each of the following is a kind of "medium of exchange"):

legal tender; stamp; tender (something that can be used as an official medium of payment)

money (the most common medium of exchange; functions as legal tender)

currency (the metal or paper medium of exchange that is presently used)