How To Use Medium of exchange In A Sentence
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Stainless steel made good medium of exchange on a planet where all metal had to be imported.
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A common answer is ‘anything that can be used as a medium of exchange’.
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Money traditionally is both a riskless, liquid asset and a medium of exchange.
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He then shifts to the use of gold in Greece, Rome, and Byzantium, initially as adornment but later as a medium of exchange.
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Given a medium of exchange, people can trade even if their wants and needs don't directly coincide.
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My thinking is now that horded money does indeed spoil if it is not used to do what money is supposed to do, which is act as a means/medium of exchange to distribute otherwise incompatible or incommensurate use values.
Matthew Yglesias » Accounting Identities and Straussian Economics
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The same qualities that made gold a desirable medium of exchange in the ancient world make orichalc useful to mages.
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It is the principle of being a medium of exchange and only because of this that secondary functions come into being, such as the role of money as a store of value.
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Also unheard-of was a cartel cornering a commodity such as crude oil, as long as the medium of exchange was gold.
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No asset since gold in the 19th century enjoys such broad acceptance as both a medium of exchange and a store of value as the dollar.
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Cash, as it turns out, isn't necessarily the preferred medium of exchange: on Chicago's South Side, barter is just as common.
Boing Boing: November 5, 2006 - November 11, 2006 Archives
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Such a commodity, once acceptable, performed the role of a medium of exchange and could be regarded as money.
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Accordingly, money is brought forth into society to be used as a medium of exchange to facilitate the trade of goods of all kinds.
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It is natural for a metal, which is also endowed with a number of other qualities, like being divisible, portable, cognizable, etc., to be the general medium of exchange.
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Like the black woman in a slave narrative, the Chicana remains here an abiding if sometimes invisible medium of exchange.
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Like the black woman in a slave narrative, the Chicana remains here an abiding if sometimes invisible medium of exchange.
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Such a commodity, once acceptable, performed the role of a medium of exchange and could be regarded as money.
