circulating medium
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Constitutional powers, of the kind last mentioned—that is, the power to ordain a standard of value and to provide a circulating medium for a legal tender—are subject to no mutations of any kind.
From Monopolies and the People by Cloud, D. C.
The circulating medium was brought to a sound basis.
From The South American Republics Part I of II by Dawson, Thomas C.
These coupons were of no value as a circulating medium, and consequently would deprive the State of all means of carrying on the government if they were successful.
From Life Gleanings by Macon, T. J.
The currency of the State banks, fairly worthless, was nearly the only circulating medium.
From Lincoln, the Politician by Levy, T. Aaron
Can such notes be constituted a legitimate circulating medium having a defined legal value?
From Monopolies and the People by Cloud, D. C.
