medium of exchange
noun phrase
: something commonly accepted in exchange for goods and services and recognized as representing a standard of value
Examples of medium of exchange in a Sentence
Recent Examples on the Web
Crypto, by contrast, is merely a medium of exchange whose price reflects only the balance of supply and demand.
—
Eleanor Pringle, Fortune, 10 Oct. 2025
Stablecoins — digital tokens typically pegged 1:1 to fiat currencies like the US dollar or a local currency — have always been designed as stable units of account and mediums of exchange, not speculative assets.
—Gwera Kiwana, semafor.com, 22 Sep. 2025
Yet another critical aspect of money is its use as a medium of exchange — the day-to-day use of money to exchange goods and services.
—Roger Huang, Forbes.com, 16 Sep. 2025
De-dollarization is growing as Asian economies in particular seek to reduce reliance on the greenback in hopes of using their own currencies as a medium of exchange to reduce FX risks, said Lin Li, head of global markets research for Asia at MUFG.
—Lee Ying Shan, CNBC, 11 June 2025
Aside from its unique luster and heaviness, gold has many desirable qualities – especially as a medium of exchange and symbol of wealth.
—David Szondy
june 07, New Atlas, 7 June 2025
That stability makes Libra potentially useful not only as a store of value but as a medium of exchange.
—Kevin Werbach, Foreign Affairs, 29 July 2019
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Eleanor Pringle, Fortune, 10 Oct. 2025
Stablecoins — digital tokens typically pegged 1:1 to fiat currencies like the US dollar or a local currency — have always been designed as stable units of account and mediums of exchange, not speculative assets.
—Gwera Kiwana, semafor.com, 22 Sep. 2025
Yet another critical aspect of money is its use as a medium of exchange — the day-to-day use of money to exchange goods and services.
—Roger Huang, Forbes.com, 16 Sep. 2025
De-dollarization is growing as Asian economies in particular seek to reduce reliance on the greenback in hopes of using their own currencies as a medium of exchange to reduce FX risks, said Lin Li, head of global markets research for Asia at MUFG.
—Lee Ying Shan, CNBC, 11 June 2025
Aside from its unique luster and heaviness, gold has many desirable qualities – especially as a medium of exchange and symbol of wealth.
—David Szondy
june 07, New Atlas, 7 June 2025
That stability makes Libra potentially useful not only as a store of value but as a medium of exchange.
—Kevin Werbach, Foreign Affairs, 29 July 2019
Cite this Entry
“Medium of exchange.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/medium%20of%20exchange. Accessed 4 Nov. 2025.
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