From Longman Dictionary of Contemporary Englishmedium of exchangemedium of exchangePECmoney or other ways of paying for things → medium
Examples from the Corpus
medium of exchange• Monetarists stress the function of money as a medium of exchange and play down its role as a store of wealth.• Money balances held for these two purposes are called active balances: money to be used as a medium of exchange.• As a medium of exchange it no longer works, and that's that.• They are not therefore directly related to people's requirements to hold a medium of exchange.• Such a commodity, once acceptable, performed the role of a medium of exchange and could be regarded as money.• Stainless steel made good medium of exchange on a planet where all metal had to be imported.• Trusted paper became both a collateral for short-term credit and an immensely important medium of exchange.• Like the black woman in a slave narrative, the Chicana remains here an abiding if sometimes invisible medium of exchange.From Longman Business Dictionarymedium of exchangeˌmedium of exˈchange noun [singular]ECONOMICS something that can be used to buy goods or to measure someone’s wealth. Money is the usual medium of exchange in most countriesUS currency is widely used as a medium of exchange here. 