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
Those banknotes, which served as a medium of exchange and eventually evolved into the dollar, derived their value from being backed by gold.
—
Korok Ray, Forbes.com, 25 July 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
Bitcoin is not working very well at what it was intended to be, which is a trustless medium of exchange that does not involve any third-party intermediaries or central bank money.
—Allison Morrow, CNN, 20 Mar. 2025
Yet its inability to adequately serve as a medium of exchange and its old-world principles may mean a higher floor - but a much lower ceiling than Bitcoin.
Check out my website.
—Roger Huang, Forbes, 17 Mar. 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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Korok Ray, Forbes.com, 25 July 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
Bitcoin is not working very well at what it was intended to be, which is a trustless medium of exchange that does not involve any third-party intermediaries or central bank money.
—Allison Morrow, CNN, 20 Mar. 2025
Yet its inability to adequately serve as a medium of exchange and its old-world principles may mean a higher floor - but a much lower ceiling than Bitcoin.
Check out my website.
—Roger Huang, Forbes, 17 Mar. 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 10 Sep. 2025.
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