Meaning Of The Word Medium of exchange

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Medium of exchange Meaning

Medium of exchange Definition
Medium of exchange Definition

What's The Definition Of Medium of exchange?

medium of exchange in British English
anything generally accepted as representing a standard of value and exchangeable for goods or services
anything used as a measure of value in exchange for goods and services; currency, checks, etc.
noun: anything acceptable as a measure of value and a standard of exchange for goods and services in a particular country, region, etc

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