Evan Harmon - Memex
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Evan Harmon - Memex

Medium of exchange

In economics, a Medium of exchange is any item that is widely acceptable in exchange for goods and services. In modern economies, the most commonly used medium of exchange is currency. Most forms of money are categorised as mediums of exchange, including commodity money, representative money, cryptocurrency, and most commonly fiat money. Representative and fiat money most widely exist in digital form as well as physical tokens, for example coins and notes.
wikipedia:: Medium of exchange

Commonly: Currency

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