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What does medium of exchange mean?

April 26, 2017exchange mean medium

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What does medium of exchange mean?

1 Answer

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10 Posted

• MEDIUM OF EXCHANGE (noun) The noun MEDIUM OF EXCHANGE has 1 sense: 1. anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region Familiarity information: MEDIUM OF EXCHANGE used as a noun is very rare.