medium of exchange

• Wirtschaftlicher Begriff für ein Zwischengut oder System, das den Kauf, Verkauf oder Tausch von Waren und Dienstleistungen erleichtert, insbesondere Geld oder Währung.

An economic term referring to an intermediary instrument or system used to facilitate the sale, purchase, or trade of goods and services, such as currency or money.

1. Economic function of moneyB2formal

   An intermediary instrument used to facilitate the sale, purchase, or trade of goods and services between parties.

   Tauschmittel

   • Currency serves as the primary medium of exchange in modern economies.
   • Gold has historically been used as a medium of exchange.
   • Without a medium of exchange, barter systems become inefficient.