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medium of exchange


  • WordNet 3.6
    • n medium of exchange anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region
    • ***
Webster's Revised Unabridged Dictionary
    • Medium of exchange that which is used for effecting an exchange of commodities -- money or current representatives of money.
    • ***


In literature:

Hitherto native cloth had been the sole medium of exchange.
"Celebrated Travels and Travellers" by Jules Verne
One of the needs of the colony was a medium of exchange: something that could be used for money.
"Agriculture in Virginia, 1607-1699" by Lyman Carrier
Meanwhile there has been a change in the character of the medium of exchange.
"The Next Step" by Scott Nearing
It is the medium by which they exchange with one another, in the interest of human life.
"The Evolution of the Country Community" by Warren H. Wilson
After trade had become pretty well established, it became necessary to have a medium of exchange.
"History of Human Society" by Frank W. Blackmar
The most significant illustration of their madness had been the selection of gold and silver as the medium of exchange.
"The English in the West Indies" by James Anthony Froude
If you know a better medium of exchange, go ahead; yet it will be a "money" again.
"The Ego and His Own" by Max Stirner
Be it noted that this common measure of values does not necessarily involve the use of a medium of exchange.
"The Value of Money" by Benjamin M. Anderson, Jr.
Coin, whether gold or silver, is used all over the world as the medium of exchange.
"Twentieth Century Socialism" by Edmond Kelly
These slips of paper were to be the medium of exchange capable of purchasing equal time values.
"Socialism and Democracy in Europe" by Samuel P. Orth
This trade brought in silver, and wampum ceased to be the medium of exchange.
"The Colonization of North America" by Herbert Eugene Bolton
The early settlers also used the Indian wampum as a medium of exchange.
"The Stronghold" by Miriam Haynie
Through the medium of money, men continually exchange the most varied commodities and services.
"The life and teaching of Karl Marx" by M. Beer
Money became to her merely the medium of exchange for any beautiful thing she might want.
"The Beauty" by Mrs. Wilson Woodrow
The medium of exchange was a vastly inflated and fluctuating paper currency.
"The South American Republics Part I of II" by Thomas C. Dawson
In the early periods of their history, the Romans used cattle as a medium of exchange in buying and bartering.
"The Trial of Jesus from a Lawyer's Standpoint, Vol. II (of II)" by Walter M. Chandler
The best medium of exchange seemed to be the little skeins of sewing-silk which I had been careful to bring.
"In Search of a Siberian Klondike" by Homer B. Hulbert
On horseback they rode to war or hunted the moose and antelope, and horses became the sign of wealth and the medium of exchange.
"Historic Towns of the Western States" by Various
Currency was scarce in the settlement and wheat served to a large extent as a medium of exchange.
"The Quarterly of the Oregon Historical Society, Vol. IV" by Various
When we look for the source of the medium of exchange we must go back of men to God himself.
"The Bible and Life" by Edwin Holt Hughes

In news:

And, even in the medium-to-long term, foreign-exchange markets are capable of producing currency misalignments.
Heat exchangers are typically employed in the process industries as a means of providing heat transfer between two streams of fluid across a medium.
Art as a medium of exchange is the gift in the hand of its creator, alive in the mind of its beholder, converting the private to a public good, and thereby adding it to the common store of human energy and hope.
Since 2002, when the euro became a circulating medium of exchange in what is now the 17-member eurozone, coins struck to one physical standard and valued at one value circulate from Ireland to Greece.
The boss of the London Stock Exchange is optimistic that Chancellor George Osborne will give a significant boost to small and medium businesses in next month's Autumn Statement which will stimulate Aim, the junior stock market .

In science:

It is well known that, at the neutrality point, the exchange self-energy gives a logarithmic enhancement of the Fermi velocity vF → vF + (e2/4ǫd) ln(Λ/k) where k is a small wavevector near the nodal point and ǫd is the dielectric constant of the medium.
Renormalization group approach to 2D Coulomb interacting Dirac fermions with random gauge potential
Nonetheless, the fundamental process by which the quark interacts with the medium is gluon exchange in all cases, the formation of the hadron must proceed through a color singlet state that ultimately fulfills the requirements of con finement, and each step has it s own characteristic time scale.
Experimental Studies of Hadronization and Parton Propagation in the Space-Time Domain
Such networks may represent cells in a tissue or culture coupled by means of factors exchanged through their microenvironment or medium.
Controlling Complex Networks with Compensatory Perturbations
For leptons, being relativistic and degenerate, polarization effects of the medium on the exchanged photons [27,39] induce attraction between quasiparticles; the values of Cl are roughly 10.
Effects of hyperons on the dynamical deconfinement transition in cold neutron star matter
IUSTI considers wildland fire to be a multi-phase reactive and radiative flow through a heterogeneous combustible medium, utilising coupling through exchange terms of mass, momentum and energy between a single gas phase and any number of solid phases.
A review of wildland fire spread modelling, 1990-present, 1: Physical and quasi-physical models
However, in current models of parton energy loss, the medium couples to the parton shower via gluon exchange, and thus alters the colour flow in the shower.
Predictions for the LHC heavy ion programme
The paper citation network is a traditional social medium for the exchange of ideas and knowledge.
Information Diffusion in Computer Science Citation Networks
In this case, soft exchanges between the medium and the propagating parton result in the radiation of a hard collinear gluon.
Jet Quenching in Evolving QGP Medium
Figure 3: Sketch of an entirely gluonic parton shower in the large Nc limit, where gluons are represented as pairs of q ¯q fermion lines, and quarks as single lines. (a) Fragmentation of the gluon in the vacuum. (b) Interaction of the gluon with a target quark in the medium via a single gluon exchange.
Jet Quenching in Heavy Ion Collisions
However, the inter action between components of the parton shower and the medium may involve multiple soft momentum exchanges, which may occur with nonperturbatively large coupling.
Jet Quenching in Heavy Ion Collisions
These are the ones which probe the long and medium range parts of the NN-interaction which are built in here in a model independent way via 1π - and chiral 2π -exchange.
Peripheral Nucleon-Nucleon Phase Shifts and Chiral Symmetry
The calculation presented here incorporates via one- and two-pion exchange the long and medium long range components of the NN-interaction in a model independent way.
Peripheral Nucleon-Nucleon Phase Shifts and Chiral Symmetry
This assumption may be questioned since the color exchanges between the pair and the nuclear medium will rotate the color polarization vector of the pair as it traverses the nucleus.
Within the context of a more realistic dynamical theory, one can use response function separations and polarization observables to enhance the sensitivity to various model dependent nonobservables, such as momentum distributions, meson-exchange currents, and medium modifications.
Electromagnetic structure of the deuteron
The appropriate kinetic equation describing motion of Brownian particles in some medium with the momentum exchange may be written as = Ig (P, t) = Z dq {w(P + q, q)fg (P + q, t) −w(P, q)fg (P, t)}, where fg (P) is the distribution function of Brownian particles (grains) of the mass M .
Fokker-Planck Equation for Boltzmann-type and Active Particles: transfer probability approach