anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region

a precondition of any trade beyond simple barter

An item that a group of people agrees is worth a certain amount. For example, if you and your friends decide a basketball can be traded for a pair of sunglasses, then the basketball is a medium of exchange. In the United States, dollars are a medium of exchange. You can go to the store and trade dollars for anything that is for sale.

Anything that facilitates trade by being generally accepted by all parties in payment for goods or services.

Money, the medium of exchange, is used to help the exchange of goods and services. The money used must be acceptable to people in the community.

You can exchange money for products and services.

anything that people agree has a certain value.

something accepted by people as having a certain value that is used to exchange or trade. Often coins and paper money are used as mediums of exchange, but it can be anything.

Anything that is acceptable in exchange for goods and services.

any item that can be commonly exchanged for goods and services throughout the economy

One of the functions of money whereby people exchange goods and services for money and in turn use money to obtain other goods and services.

Any commodity which is widely accepted in payment for goods and services and in settlement of debts.

An item that buyers give to sellers when they want to purchase goods and services.

Anything which is widely accepted in payment for goods and services and in settlement of debts. Its acceptability is based upon the fact that it can provide a common basis of measurement of the value of things.

Documentary instrument used in commercial transactions between buyers and sellers to measure the value of the goods exchanged. The value of such instruments is usually expressed in terms of a national currency.

A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system.