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Definitions

circulating medium

NOUN
medium of exchange
Synonyms


Example Sentences

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The local currency includes rings of gold, specially made as a circulating medium.

From Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 2 "Fairbanks, Erastus" to "Fens" by Various

Can such notes be constituted a legitimate circulating medium having a defined legal value?

From Monopolies and the People by D. C. Cloud

The currency of the State banks, fairly worthless, was nearly the only circulating medium.

From Lincoln, the Politician by T. Aaron Levy

This plan affords France a market for her bills, Spain a cheap and easy way of bringing her money home, and America a circulating medium, which enables her to tax with advantage.

From The Diplomatic Correspondence of the American Revolution Volume 7. by Various

Showing the radical deficiency of the present circulating medium and the advantages of a free currency.

From Anarchism by Paul Eltzbacher




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