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Definitions and Synonyms of medium of exchange | Another word for medium of exchange | What is medium of exchange?

Definition 1: anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region - [noun denoting possession]

Synonyms for medium of exchange in the sense of this definition

(medium of exchange is a kind of ...) a basis for comparison; a reference point against which other things can be evaluated

"the schools comply with federal standards" "they set the measure for all subsequent work"

(... is a kind of medium of exchange ) something that can be used as an official medium of payment

(... is a kind of medium of exchange ) the most common medium of exchange; functions as legal tender

"we tried to collect the money he owed us"

(... is a kind of medium of exchange ) the metal or paper medium of exchange that is presently used

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