Last Updated
：2025/11/23
medium of exchange
（ plural ）
（ plural ）
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An intermediary used in trade to avoid the inconveniences of a pure barter system, such as money.
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medium of exchange
In many societies, gold became a widely accepted medium of exchange long before modern currencies were introduced.
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In many societies, gold became a widely accepted medium of exchange long before modern currencies were introduced.
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