What is another word for medium of exchange?
Pronunciation: [mˈiːdi͡əm ɒv ɛkst͡ʃˈe͡ɪnd͡ʒ] (IPA) 
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.
