a medium of exchange

That money, though it has no power of its own, still is a medium of exchange among people, and he must learn its proper use.

All that said, why do we have money at all, rather than using - for instance - toffee apples as a medium of exchange?

What characteristics of an asset make it useful as a medium of exchange? As a store of value?

It is nothing more than a medium of exchange that we use to express to others the same thing: value creation.

The value of money is basically its value as a medium of exchange, or, as economists put it, its 'purchasing power.

Money must be a medium of exchange, a store of value, a unit of account and standard for deferred payment.

And money, as a medium of exchange, is also soon to be replaced by the barter system.

Without money, there is no generally accepted as a medium of exchange. However, there exists the.

We abstract from all asset holding and intertemporal effects and money is simply a medium of exchange reflecting a transactions demand.

"Money" means a medium of exchange currently authorized or adopted by a domestic or foreign government.

Any given quantity renders the full services and yieldsthe maximum utility of a medium of exchange.

Currency Money in any form when in actual use as a medium of exchange, especially circulating paper money.

T: Oh, yes, cash is a medium of exchange, and includes currency, coins, savings deposits, petty cash funds.

Money is a medium of exchange to acquire any services or material things that we want or need.

Robbins, again, would then be using butter as a medium of exchange.

three serve as a medium of exchange, which is the basic definition of currency.

A medium of exchange is an objective that is generally accepted in exchange for goods and services.

A Medium of Exchange.

A medium of exchange is anything that is readily acceptable as payment.

Transmission from person to person as a medium of exchange; circulation:

as a medium of exchange;