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MEDIUM OF EXCHANGE
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
Anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
Synonyms:
medium of exchange; monetary system
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("medium of exchange" is a kind of...):
criterion; measure; standard; touchstone (a basis for comparison; a reference point against which other things can be evaluated)
Hyponyms (each of the following is a kind of "medium of exchange"):
legal tender; stamp; tender (something that can be used as an official medium of payment)
money (the most common medium of exchange; functions as legal tender)
currency (the metal or paper medium of exchange that is presently used)
