What is another word for medium of exchange?

81 synonyms found


[ mˈiːdi͡əm ɒv ɛkst͡ʃˈe͡ɪnd͡ʒ], [ mˈiːdi‍əm ɒv ɛkst‍ʃˈe‍ɪnd‍ʒ], [ m_ˈiː_d_iə_m ɒ_v ɛ_k_s_tʃ_ˈeɪ_n_dʒ]

Medium of exchange refers to any currency or other form of money that can be used to buy goods or services. The term medium of exchange is often used synonymously with the concept of money. Other synonyms for medium of exchange include currency, cash, lucre, specie, means of exchange, legal tender, coinage, notes and bills, and financial instrument. In the modern world, the medium of exchange has evolved to include electronic money, such as credit/debit cards, bank transfers, and cryptocurrencies. Regardless of the form it takes, the medium of exchange is essential for trade and commerce to occur in any economy, guiding the flow of money through society.

What are the hypernyms for Medium of exchange?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Medium of exchange?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

Word of the Day

Vanillic Acid
Vanillic acid, a chemical compound derived from vanillin, is a versatile ingredient found in various industries. Known for its distinct aroma and taste, vanillic acid is often used...