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| medium of exchange ： ウィキペディア英語版 |
medium of exchange
A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system.
By contrast, as William Stanley Jevons argued, in a barter system there must be a coincidence of wants before two people can trade – one must want exactly what the other has to offer, when and where it is offered, so that the exchange can occur. A medium of exchange permits the value of goods to be assessed and rendered in terms of the intermediary, most often, a form of money widely accepted to buy any other good.
== Definition ==
Money is the generally accepted medium of exchange and its most important and essential function is that it is a 'measure of value'...〔1.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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