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Definition of Medium of exchange
1. Noun. Anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region.
Exact synonyms: Monetary System
Generic synonyms: Criterion, Measure, Standard, Touchstone
Specialized synonyms: Legal Tender, Stamp, Tender, Money, Currency
Generic synonyms: Criterion, Measure, Standard, Touchstone
Specialized synonyms: Legal Tender, Stamp, Tender, Money, Currency