Medium Of Exchange at Business Glossary
What is it? Anything which is widely accepted in payment for goods and services and in settlement of debts. Its acceptability is based upon the fact that it can provide a common basis of measurement of the value of things.Business Dictionary Term Definition Added By: Brady
The Medium Of Exchange definition has been viewed 299 Time(s)!
Send To Friends!
If you'd like to send the Medium Of Exchange definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Medium Of Exchange. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Business Terms:
Business Term Timing Option is The ability of the firm to postpone investment (or disinventment) and to reconsider the decision at a future date.Business Term Current dollars is Actual dollars awarded without adjustment for inflation.
Business Term Any Quantity is A cargo freight rate that applies to an article without regard to the weight or quantity shipped.
Business Term Just in time is A policy calling for the delivery of materials, products or services at the time they are needed in an activity or process. Used to reduce inventory, wait time, and spoilage
Business Term Commodity Rate is The rate applicable to shipping a given commodity between points.