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

There was a lot of barter on the road from the Far East through the southern belt of Europe, but when a medium of exchange was needed that everyone understood the value of, that medium of exchange was gold. —Josh Brown,sean Russo, CNBC, 3 Nov. 2025

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

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

Word History

First Known Use

1714, in the meaning defined above

Rhymes for medium of exchange

• arrange
• derange
• estrange
• midrange
• change
• grange
• mange
• range
• strange
• interchange
• rearrange