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MEDIUM OF EXCHANGE

Pronunciation (US): 

English dictionary: Word overview

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.


English dictionary: Word details


MEDIUM OF EXCHANGE (noun)


Sense 1medium of exchange [BACK TO TOP]

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; tender (something 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)


English Proverbs
"Diseases come on horseback, but steal away on foot."
(English proverb)
"There is nothing as eloquent as a rattlesnake's tail."
(Native American proverb, Navajo)
"Don't eat your bread on someone else's table."
(Arabic proverb)
"Don't sell the fur before shooting the bear."
(Danish proverb)


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