Medium of Exchange | Gale Encyclopedia of U.S. Economic History

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Medium of Exchange

Publication: Gale Encyclopedia of U.S. Economic History

Publication Date: 01-JAN-00

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MEDIUM OF EXCHANGE

A medium of exchange is money or any other agreed upon item used in the sale of goods and services. Whether the product being sold is a hamburger, a new car, or a movie ticket, something must be given to transfer value from the buyer to...

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