medium of exchange



Commodity, currency, or a financial instrument used in commercial transactions between buyers and sellers as a measure and standard of value. A distinguishing characteristic of money is its ability to be used as a medium of exchange.

Related Videos

Have a question about medium of exchange? Ask for help in the
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z