medium of exchange

Definitions of medium of exchange
  1. noun
    anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
    synonyms: monetary system
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    legal tender, stamp, tender
    something that can be used as an official medium of payment
    the most common medium of exchange; functions as legal tender
    the metal or paper medium of exchange that is presently used
    money set aside (as by a legislature) for a specific purpose
    fund, monetary fund
    a reserve of money set aside for some purpose
    food stamp
    a government-issued stamp that can be used in exchange for food
    the official currency issued by a government or national bank
    boodle, bread, cabbage, clams, dinero, dough, gelt, kale, lettuce, lolly, loot, lucre, moolah, pelf, scratch, shekels, simoleons, sugar, wampum
    informal terms for money
    paper money of little value issued on insufficient security
    subsidisation, subsidization
    money (or other benefits) obtained as a subsidy
    token money
    coins of regular issue whose face value is greater than their intrinsic value
    currency of the major financial and industrial countries held in those countries for the purpose of lending and borrowing
    cash, hard cash, hard currency
    money in the form of bills or coins
    hard currency
    a currency that is not likely to depreciate suddenly in value
    folding money, paper currency, paper money
    currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie
    coinage, metal money, mintage, specie
    coins collectively
    type of:
    criterion, measure, standard, touchstone
    a basis for comparison; a reference point against which other things can be evaluated
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