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
Its purpose was to compete with fiat currencies as an electronic P2P currency system, medium of exchange, and store of value comparable to digital gold.
—
The Salt Lake Tribune, 9 Aug. 2023
Much of this increase in volume can be attributed to the role that stablecoins play in the DeFi sector, both as a medium of exchange and hedges against more volatile cryptoassets.
—Sean Stein Smith, Forbes, 16 July 2023
The Salt Lake Tribune, 9 Aug. 2023
Much of this increase in volume can be attributed to the role that stablecoins play in the DeFi sector, both as a medium of exchange and hedges against more volatile cryptoassets.
—Sean Stein Smith, Forbes, 16 July 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'medium of exchange.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1714, in the meaning defined above
Time Traveler
The first known use of medium of exchange was
in 1714
Dictionary Entries Near medium of exchange
Cite this Entry
“Medium of exchange.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/medium%20of%20exchange. Accessed 27 Sep. 2023.
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More from Merriam-Webster on medium of exchange
Britannica.com: Encyclopedia article about medium of exchange
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