| 单词 | medium of exchange |
| 例句 | I always had several cartons of cigarettes in my cell; they were, in prison, nearly as valuable a medium of exchange as money. The Autobiography of Malcolm X 1965-01-01T00:00:00Z Cotton was both needed and easily stored, which made it useful as a medium of exchange or status. 1491 2005-10-10T00:00:00Z If China hadn’t developed coins as a medium of exchange somewhere around 1000 B.C., Style Invitational Week 1308: Picture This . . . or These 2018-11-29T05:00:00Z “It’s not a reliable store of value, unit of account or medium of exchange.” Ben McKenzie Would Like a Word With the Crypto Bros 2022-03-31T04:00:00Z Instead of weighing precious metals to use as currency or arguing over the value of bartered goods to trade, merchants could use coins as a simple medium of exchange. World History: to 1500 2023-04-19T00:00:00Z For most of crypto’s existence, we’ve been debating just what sort of financial product it is: a medium of exchange, like the dollar, or a store of value, like gold or stock certificates. Opinion | It’s surprising how little crypto’s meltdown has mattered 2022-12-11T05:00:00Z It is frequently mentioned as a measure and medium of exchange in Icelandic legal texts, as well as sales accounts, church inventories and farm registers, from the 1100s into the 17th century. Viking Textiles Show Women Had Tremendous Power 2022-09-15T04:00:00Z Terra was “designed as a medium of exchange, not an investment,” a Terraform Labs spokesperson said in an email statement. Perspective | This crypto investing was supposed to be ‘stable.’ It’s a wild ride. 2022-06-03T04:00:00Z They are popular as safe-havens in times of turmoil in crypto markets and are a common medium of exchange, often used by traders to move funds around and speculate on other cryptocurrencies. Stablecoin Terra's broken dollar peg hits wider crypto markets 2022-05-10T04:00:00Z In a primer for investors, Vanguard noted that the sudden price movements characteristic of cryptocurrency can “encourage impulsive buying and selling,” making it “impractical as a medium of exchange.” Fidelity will soon have a bitcoin option on its 401(k) plans 2022-04-26T04:00:00Z Stablecoins, a fast-growing breed of crypto, have emerged as a common medium of exchange, often used by traders seeking to move funds around. Cryptoverse: Gold coins glimmer amid the global gloom 2022-04-19T04:00:00Z They're a common medium of exchange and often used by traders seeking to move funds around and speculate on other cryptocurrencies. Cryptoverse: 10 billion reasons bitcoin could become a reserve currency 2022-04-12T04:00:00Z There was no federal currency, and federal law barred the treasury from borrowing the state bank notes that were the nation’s de facto medium of exchange. Review | The Civil War’s financial battles 2022-04-01T04:00:00Z Currency is money in any form when it is in use as a medium of exchange. Magruder's American Government 2016-01-01T00:00:00Z The rise of cryptocurrencies has provided a useful medium of exchange for criminals, creating new opportunities for fraud. Divorcing Couples Fight Over the Kids, the House and Now the Crypto 2022-02-13T05:00:00Z Hardly a day passes without news about the expanding reach of cryptocurrency, the digital medium of exchange that operates through a computer network. The ticking time bomb of cryptocurrencies 2022-02-11T05:00:00Z Their volatility diminishes their use as a stable store of value or medium of exchange. Is the allure of cryptocurrency fading? 2022-01-24T05:00:00Z As a medium of exchange, cryptocurrency leaves much to be desired. A beginner's guide to cryptocurrency 2021-12-24T05:00:00Z Some economists believe there is a risk that we’ll some day find ourselves with nothing that is universally accepted as a medium of exchange. Opinion | Can We Trust What’s Happening to Money? 2021-12-10T05:00:00Z Cryptocurrency is a medium of exchange that allows people to transfer value to others without needing a government overseeing it or a financial institution acting as a middleman. How cryptocurrency became a powerful force in Washington 2021-08-07T04:00:00Z According to Prof. Hanke, there are three criteria for something to be considered a currency: a reliable unit of account, a medium of exchange, and a store of value. Is there a future for bitcoin? An investor and a skeptic make their cases 2021-04-06T04:00:00Z According to the pitch, the coin would be "a medium of exchange for individuals who value free speech above all else," and would be exchanged on the Crown platform, based on the Dash network. How two friends' farcical, failed schemes ended with the biggest fail of all: Stop the Steal 2021-01-19T05:00:00Z Given the dramatic price swings and other drawbacks, why would anyone use Bitcoin or similar technologies as a medium of exchange? A beginner's guide to cryptocurrency 2021-12-24T05:00:00Z The only requirement is that the instrument has to function as a medium of exchange, and that role is socially determined. Opinion | Can We Trust What’s Happening to Money? 2021-12-10T05:00:00Z Investors, traders, multinational firms, insurance companies and pensions lose confidence in the dollar as a medium of exchange or a store of value. Opinion | The national debt is out of control 2020-05-10T04:00:00Z The second currency criteria is a medium of exchange, and bitcoin is not used as a medium of exchange. Is there a future for bitcoin? An investor and a skeptic make their cases 2021-04-06T04:00:00Z First, money is a medium of exchange, something that everyone accepts and that “lubricates the action of exchange”. From pecan pralines to ‘dots’ as currency: how the prison economy works 2019-08-30T04:00:00Z Perhaps that means that Facebook is kidding, or hasn’t thought things through, or is not really planning for Libra to be a meaningful medium of exchange. A Facebook civil rights audit could have unintended consequences 2019-07-02T04:00:00Z Crypto-assets are not a reliable substitute for money and are unsafe to rely on as a medium of exchange or store of value, the global banking watchdog said in a statement on Wednesday. Crypto-assets pose risks to global banks, warns Basel Committee 2019-03-13T04:00:00Z Somehow, magically to our minds, these negative associations fall away when the medium of exchange is digital data and human attention. How Personalization Leads to Homogeneity 2018-11-27T05:00:00Z And so it’s not really a widely offered or used or employed medium of exchange at this stage in its life cycle, and that’s okay. Is there a future for bitcoin? An investor and a skeptic make their cases 2021-04-06T04:00:00Z “But it is for this very reason that Congress should eliminate barriers that impede people from using their preferred medium of exchange.” Capitol Hill lawmakers wrestle with regulating cryptocurrencies 2018-07-18T04:00:00Z In general, currency is mostly about the “medium of exchange” function. How Bitcoin made right-wing conspiracy theories mainstream 2018-06-08T04:00:00Z Five-year-old Circle’s first product was designed for buying bitcoin and moving traditional money between individuals by using bitcoin as a medium of exchange. Bitcoin May Be Down, but a Digital Currency Startup Still Soars 2018-05-15T04:00:00Z In general, the Bitcoin Cash coalition favors the use of its currency as a medium of exchange for commerce. Inside the dumb civil war between Bitcoin and Bitcoin Cash 2018-04-12T04:00:00Z Increasingly, the Chinese currency, the yuan, is the medium of exchange. China Builds Bridges and Highways While the U.S. Mouths Slogans 2018-01-30T05:00:00Z It's also a medium of exchange, or what we use to buy things with. Perspective | Bitcoin is teaching libertarians everything they don’t know about economics 2018-01-08T05:00:00Z The medium of exchange function means you can use this token to buy and sell stuff. How Bitcoin made right-wing conspiracy theories mainstream 2018-06-08T04:00:00Z Proponents say bitcoin is a good medium of exchange and a way to store value, much like a precious metal. Bitcoin flirts with $16,000, alarm bells ring louder 2017-12-07T05:00:00Z The medium of exchange in New York is money brokered by Wall Street. Opinion | Why is Trump so awkward in Washington? He’s a New Yorker. 2017-08-27T04:00:00Z Though the company didn’t own the gambling sites, it was a crucial link because it provided the medium of exchange, the suits said. Freewheeling Valve churns out big video-game bucks despite some growing pains 2017-08-03T04:00:00Z Economists consider any item as money if it performs three different functions: unit of account, store of value and medium of exchange. Here's An Easy Way to Save Money Next Time You Travel Abroad 2017-07-29T04:00:00Z It might seem logical that as cash becomes displaced as a medium of exchange—and that is assuredly happening—it would also become less important as a store of value. Why Digital Money Hasn’t Killed Cash 2016-04-28T04:00:00Z Proponents say bitcoin is a good medium of exchange and a way to store value, much like a precious metal. Bitcoin flirts with $16,000, alarm bells ring louder 2017-12-07T05:00:00Z The medium of exchange—the currency—that allows all this to happen seamlessly therefore does possess something like the magical quality of a self-fulfilling prophesy. Alexander Hamilton Was Robbed 2015-06-22T04:00:00Z A currency is, at root, a medium of exchange, but when someone asks, What does China want its currency to be?, that’s not the answer. What’s Behind Washington’s Tussle with China Over China's Asia Bank? 2015-04-01T04:00:00Z However, those dollars are not a medium of exchange in, say, China, where waving a wad of greenbacks would mostly get you stares. Here's An Easy Way to Save Money Next Time You Travel Abroad 2017-07-29T04:00:00Z The traditional definition of money says that it is a medium of exchange, a unit of accounting, and a store of value. Why Digital Money Hasn’t Killed Cash 2016-04-28T04:00:00Z Gold is one of the only assets to function as a medium of exchange and store of value over several thousand years. Bitcoin and Gold: When World's Collide 2015-03-18T04:00:00Z Clearly there’s a demand for some type of alternative medium of exchange—and a supply of venture capitalists eager to fill that void. Has Bitcoin's Time Come? The Market -- Not Public Policy -- Should Decide 2015-03-10T04:00:00Z He defines money as the accepted medium of exchange. The Gold Standard for Skeptics 2015-02-24T05:00:00Z Money is also a medium of exchange, which is anything readily acceptable as payment to buy or sell goods and services. Here's An Easy Way to Save Money Next Time You Travel Abroad 2017-07-29T04:00:00Z “One familiar benchmark says that for a currency to become money it must function as a medium of exchange, a unit of account, and a store of value,” they write. How disruptive is bitcoin 2015-01-23T05:00:00Z As with almost every aspect of life, the people were to be left free to manage their affairs, including the freedom to produce money and accept whatever medium of exchange they desired. Protecting Us From A "Terrorist" Who Made Pure Silver Coins: The Bernard von NotHaus Case 2014-12-09T05:00:00Z In its function as a medium of exchange, medium of payment and store of value, gold is thus, in a sense, a timeless classic. The Eichengreen Fallacy Misleads Some "Market Monetarists," Part 1 2014-11-03T05:00:00Z Money is just the medium of exchange used at banks that facilitates that which balances. A New Federal Reserve Report Exposes A 'Low' U.S. Savings Rate As Mythical 2014-09-24T04:00:00Z Bitcoin is gradually making progress as a medium of exchange in developing countries. Bitcoin Momentum Grows in Emerging Markets 2014-08-07T04:00:00Z Yet bitcoin, with its worldwide network of users and its usefulness as a medium of exchange, does recall Hayek’s writings. Bidding on Bitcoin 2014-07-11T04:00:00Z Why offer up to others access to goods in return for a medium of exchange that may decline in value over time? Imagining The Stupendous Growth And Plentiful Credit In A World Without The Fed 2014-07-16T04:00:00Z But money plays essential roles as a measure of value and a medium of exchange. Book Review: Steve Forbes' Money 2014-07-03T04:00:00Z James is paid by the Miami Heat, Nike and many others in dollars, and the dollar is a medium of exchange accepted by Ford. Hillary Clinton's 'Basic Bargain' Pandering Insults Ambitious Americans 2014-05-18T04:00:00Z For what is money, after all, but a game we have decided to play, a study in mutual confidence, a medium of exchange? Why every household should have its own currency 2014-02-14T17:07:26Z To be successful, money must be both a medium of exchange and a reasonably stable store of value. Paul Krugman on Bitcoin, It's Not A Stable Store Of Value 2013-12-29T14:56:00Z Bitcoin goes crazy up and crazy down, ending the year lower than it starts, but becoming a real medium of exchange in the process. 14 Pointed Predictions For 2014 2013-12-29T13:18:00Z And it serves as a medium of exchange. The Dollar Will Never Fall to Bitcoin 2013-12-24T11:00:43Z Thus this idea of his that there needs to be some intrinsic value to what is being used as a medium of exchange. Central Banker On Bitcoin, At Least With Tulipmania You Got a Tulip At The End 2013-12-05T13:27:00Z One is the inventor of the crypto-currency and the other is a site that used it as the medium of exchange. The Surprising Bitcoin Connection Between Silk Road And Satoshi Nakamoto 2013-11-24T17:57:00Z Bitcoin someday be an important enough medium of exchange to be worth economists’ attention? Why Isn't Bitcoin Interesting To Leading Economists? 2013-11-18T16:25:00Z “So far, the uses of bitcoin as a medium of exchange appear limited, particularly if one excludes illegal activities,” notes Velde. Federal Reserve Economist On Bitcoin: 'Small Phenomenon But Growing' 2013-11-07T14:53:00Z Bitcoin is a store of value and a medium of exchange. The Dollar Will Never Fall to Bitcoin 2013-12-24T11:00:43Z "Those fees would drive people to use it as a medium of exchange only," he says. Bitcoin's successors: from Litecoin to Freicoin and onwards 2013-06-25T12:37:19Z Cigarettes are widely used in prisons as a medium of exchange, and paper currencies have been accepted as money even when they no longer had government backing. Bitcoin's promise of freedom 2013-04-26T16:47:22Z There is enormous demand in all developed European countries for a medium of exchange. Decoupling: One expensive euro 2013-04-02T21:13:07Z And indeed everything would be great with Bitcoin if it were just used as a medium of exchange for virtual goods - which is exactly how it was used for a long time. Bitcoin is not a real currency, just some 21st-century cowrie shells 2013-04-10T21:10:01Z However Bitcoin's real power is as a medium of exchange, not as a currency. Boot up: Facebook's next phone, BlackBerry R10?, RPS on sexism and more 2013-04-08T05:30:00Z Deflation is harmful for conventional currencies because, in economist jargon, Bitcoins are a unit of account as well as a medium of exchange. No, Bitcoins Aren't In Danger From "Hyperdeflation" 2013-04-01T15:21:19Z The best hope would be a change in the mediums of exchange themselves, something that would take expanded labor consciousness on the part of smartphone shoppers. Your iPhone kills jobs 2013-03-28T15:47:00Z Generally, the repeal of legal tender laws will allow individuals to decide what to use as the preferred medium of exchange and open the door to alternative currencies without threat of prosecution. Parallel Currencies And The Roadmap To Monetary Freedom 2012-08-07T13:06:48Z Cowrie shells were a 13th-century medium of exchange: they were a fairly effective currency at a time when there was no risk that people might hoard them in order to speculate on their value rising. Bitcoin is not a real currency, just some 21st-century cowrie shells 2013-04-10T21:10:01Z Remember, it was Schumer last year that decried the ability of free people to transact in a medium of exchange of their choice such as bitcoin. Banishing Facebook's Eduardo Saverin Harms U.S. More 2012-05-23T14:55:45Z At Attegrat the expedition found blocks of salt used as the medium of exchange: we have not seen any in this part of the country. March to Magdala 2012-04-19T02:00:32.620Z The shilling serves as well as shells or beads would as a medium of exchange. Somalia?s mighty shilling: Hard to kill 2012-03-29T15:03:28Z Roanoke was the name applied by the early colonists to the shell-beads of different colors used by the Indians as a medium of exchange. How Justice Grew: Virginia Counties, An Abstract of Their Formation 2012-03-16T02:00:20.963Z But it's not a currency, although it is a medium of exchange. Bitcoin is not a real currency, just some 21st-century cowrie shells 2013-04-10T21:10:01Z Now, money, in the true sense of the term, is not only a medium of exchange, but it is a standard of value by which all other values are measured. Monopolies and the People 2012-03-12T03:00:23.687Z The seed valves formed our medium of exchange and trade, passing as silver dollars. Old-Time Gardens Newly Set Forth 2012-03-06T03:00:22.850Z It’s also more liquid -- more useful as a medium of exchange -- than money parked in a CD. Fed’s Poor Data, Not Greed, Drove Wall Street Off Cliff: Books 2012-02-16T05:24:00Z With tobacco as the medium of exchange and as the most valuable export, the economic base was too small for the large superstructure erected on it. How Justice Grew: Virginia Counties, An Abstract of Their Formation 2012-03-16T02:00:20.963Z The people rarely see money, and it is not used as a medium of exchange, but they value it highly for paying the tribute and as ornaments for the women. Journeys in Persia and Kurdistan, Volume II (of 2) Including a Summer in the Upper Karun Region and a Visit to the Nestorian Rayahs 2012-02-12T03:00:11.843Z Tobacco, in Virginia, took the place of money as a medium of exchange. Old Church Lore 2012-01-31T03:00:14.880Z In all societies known to us where money is used it receives the significance of a medium of exchange only because it serves as a means of violence. What Shall We Do? 2012-01-29T03:00:11.167Z The Spanish or Mexican dollar is here almost the only medium of exchange, payments being made all but exclusively in that currency, whereas gold, even English, is but sparingly used, and then with ill-concealed reluctance! Narrative of the Circumnavigation of the Globe by the Austrian Frigate Novara, Volume II (Commodore B. Von Wullerstorf-Urbair,) Undertaken by Order of the Imperial Government in the Years 1857, 1858, & 1859, Under the Immediate Auspices of His I. and R. Highness the Archduke Ferdinand Maximilian, Commander-In-Chief of the Austrian Navy. 2012-01-03T03:00:07.630Z It is only a developed and active or considerable trade that demands so enhanced a medium of exchange. The History of Currency, 1252 to 1896 2011-12-24T03:07:52.717Z And hence its value to humanity as the great medium of exchange. Marvels of Scientific Invention An Interesting Account in Non-technical Language of the Invention of Guns, Torpedoes, Submarine Mines, Up-to-date Smelting, Freezing, Colour Photography, and many other recent Discoveries of Science 2011-11-19T03:00:24.517Z The medium of exchange was a vastly inflated and fluctuating paper currency. The South American Republics Part I of II 2011-11-06T02:00:14.827Z If, then, money itself is acquired by violence, and spent to purchase products, money entirely loses its quality as a medium of exchange. What Shall We Do? 2012-01-29T03:00:11.167Z The modern slave for four centuries was a distinct article of commerce, quoted and bargained for in the markets and reckoned on as a medium of exchange. A History of the Republican Party 2011-10-14T02:00:29.980Z Cowrie, Cowry, kow′ri, n. a large genus of Gasteropods, including over a hundred species, some of which are familiar as decorative objects, and as a medium of exchange with uncivilised peoples. Chambers's Twentieth Century Dictionary (part 1 of 4: A-D) 2011-10-11T02:01:08.990Z In consequence of this law gold, long banished, became once more a circulating medium of exchange. Thomas Hart Benton 2011-10-09T02:00:26.053Z Horses, being their only valuable possessions, constituted their medium of exchange, so far as they had any. Pawnee Hero Stories and Folk-Tales With notes on the origin, customs and character of the Pawnee people 2011-08-02T02:00:20.603Z Only under these two conditions would the prices of things, though changed nominally, remain relatively the same, and money would become a measure of value and a medium of exchange. What Shall We Do? 2012-01-29T03:00:11.167Z The early settlers also used the Indian wampum as a medium of exchange. The Stronghold A Story of Historic Northern Neck of Virginia and Its People 2011-07-17T02:00:38.770Z Tobacco was the medium of exchange in the Old Dominion and ministers were paid annually 17,000 pounds of tobacco. The Colonization of North America 1492-1783 2011-07-06T02:00:47.077Z Humans get what they want by choosing to expend some medium of exchange for goods or services that will enable them to reach their ends. Michele Bachmann and the free market gospel 2011-07-03T14:45:00Z Trade is always carried on by barter; coconuts are the standard of value, and although dollars and rupees change hands, they are employed by the natives more as ornaments than mediums of exchange. In the Andamans and Nicobars The Narrative of a Cruise in the Schooner "Terrapin" 2011-06-30T02:00:24.487Z And at once in this community, money receives, for the oppressor and his assistants, another signification, and its character as a medium of exchange therefore immediately ceases. What Shall We Do? 2012-01-29T03:00:11.167Z “Currency” is a medium of exchange and a basis for accessing other scarce resources. How Would an iTunes for Data Work? 2011-04-21T18:57:15Z A shortage of coin was usual, and the issuance of paper money was the remedy by which the assemblies and banks attempted to provide a medium of exchange. The Colonization of North America 1492-1783 2011-07-06T02:00:47.077Z So wampum was used as a medium of exchange; it was really the money of the eastern Indians. American Indians 2011-04-21T02:00:55.200Z But if the foreign popularity of the dollar actually is an enabler for bad fiscal practices, would the rise of some other currency as a dominant international medium of exchange be such a bad thing? How to think about Tea Party economics 2011-04-18T13:01:00Z But science, denying this, says that money is only a medium of exchange, which has no connection with slavery of men. What Shall We Do? 2012-01-29T03:00:11.167Z In a world where not everyone is yet actively looking to license data, unique data is increasingly an important medium of exchange. How Would an iTunes for Data Work? 2011-04-21T18:57:15Z This trade brought in silver, and wampum ceased to be the medium of exchange. The Colonization of North America 1492-1783 2011-07-06T02:00:47.077Z These slips of paper were to be the medium of exchange capable of purchasing equal time values. Socialism and Democracy in Europe 2011-03-15T02:00:12.887Z His dealings, it is true, are of no very extensive amount, and salt, not silver, is the medium of exchange; but there is still room for the exercise of his knavery. The Highlands of Ethiopia 2011-02-25T03:01:07.193Z Political economists say that money is an inoffensive medium of exchange, notwithstanding the fact that its possession enables one man to enslave another. What Shall We Do? 2012-01-29T03:00:11.167Z This was the opinion of most medieval theologians based on the fact that money was solely a medium of exchange. Moral Theology A Complete Course Based on St. Thomas Aquinas and the Best Modern Authorities 2011-02-24T03:00:54.237Z The act caused a shortage of the medium of exchange at the time that the colonists were deprived of the West Indian commerce which had supplied them with specie to settle balances in London. The Colonization of North America 1492-1783 2011-07-06T02:00:47.077Z Hour for hour, day for day, this should be the universal medium of exchange. Socialism and Democracy in Europe 2011-03-15T02:00:12.887Z But the demand for a ready medium of exchange and a recognized measure of value in the burgeoning American economy continued to outstrip the meager supply of precious metals in circulation. Off the Shelf: Early America, Ripe for Counterfeiters 2011-02-05T18:38:18Z Every community tends to use the cheapest medium of exchange accessible to it. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Coin, whether gold or silver, is used all over the world as the medium of exchange. Twentieth Century Socialism What It Is Not; What It Is: How It May Come 2011-01-17T03:00:51.213Z A petition sent to the king upon the subject, in setting forth the folly of debasement, stated with an accuracy remarkable for the time the function of the precious metals as a medium of exchange. Irish History and the Irish Question 2011-01-16T03:00:22.640Z Fiat currencies, available globally, are marketed as stores of wealth and as a medium of exchange. Goldman Should Withdraw Greece’s Euro Swap Dodge: Mark Gilbert 2011-01-13T00:06:13Z The second proposition is respecting the medium of exchange. The Value of Money 2011-01-04T03:01:12.363Z If its capital is of very high value for producing goods for direct consumption, a community will be averse to investing much of it in a medium of exchange. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z But gold and silver available for the purpose of coin are limited in amount and totally inadequate to serve as mediums of exchange without the assistance of other devices. Twentieth Century Socialism What It Is Not; What It Is: How It May Come 2011-01-17T03:00:51.213Z Gold rings, intertwined so as to form a chain, have been found throughout Scandinavia, presumably for use as a medium of exchange. Beowulf An Introduction to the Study of the Poem with a Discussion of the Stories of Offa and Finn A considerable number of the notes issued will, however, be retained in circulation at the convenience of the public as a medium of exchange; and on this circulating portion a clear profit accrues. The New Gresham Encyclopedia. Vol. 1 Part 3 Atrebates to Bedlis The dodo-bone theory gives exclusive attention to, but very imperfect analysis of, the medium of exchange function. The Value of Money 2011-01-04T03:01:12.363Z With reference to Professor Laughlin's fourth proposition it may be said that no economist of standing claims that purchasing power is "identical with the quantity of the media of exchange in circulation." Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Indeed, although coin is still the ultimate medium of exchange, commercial and industrial transactions are conducted for the most part through an enormous system of credit built upon a comparatively small amount of coin. Twentieth Century Socialism What It Is Not; What It Is: How It May Come 2011-01-17T03:00:51.213Z In the interior the principal medium of exchange among the natives is the large earthenware jars, imported originally, it is believed, from China, which form the chief wealth both of tribes and individuals. Encyclopaedia Britannica, 11th Edition, Volume 4, Slice 3 "Borgia, Lucrezia" to "Bradford, John" The transaction seems more estimable when the medium of exchange is not mentioned. The New Gulliver and Other Stories M, money, consists of all the media of exchange in circulation which are generally acceptable, as distinguished from those which are acceptable under particular conditions, as by endorsement. The Value of Money 2011-01-04T03:01:12.363Z In the traffic of the Hudson's Bay Company with the North American Indians, furs, in spite of their differences of quality and size, long formed the medium of exchange. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z And before Gud could speak, the demon pulled out a roll of the medium of exchange and unrolled it and handed Gud a portion of the medium. The Book of Gud Thus money may be called current commodity, because it is merchandise chosen to run about as a medium of exchange. Political economy It is the universal medium of exchange throughout China for all retail transactions. Encyclopaedia Britannica, 11th Edition, Volume 5, Slice 4 "Carnegie Andrew" to "Casus Belli" The same is true of transactions in which bills of exchange or other credit devices serve as media of exchange. The Value of Money 2011-01-04T03:01:12.363Z During the last century copper was actually used as the chief medium of exchange in Sweden; and merchants had to take a wheelbarrow with them when they went to receive payments in copper dalers. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z If he has no money, cloth becomes the medium of exchange; ammunition he makes himself. Ten Years' Captivity in the Mahdi's Camp 1882-1892 They have explained your medium of exchange, and have helped us with the prices of raw materials. Backlash 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 or, The Bow of Ulysses The medium of exchange and "bearer of options" functions of money are the chief sources of such additions to the value of money as come from the money-use. The Value of Money 2011-01-04T03:01:12.363Z If the article endowed with a legal-tender power is already used as the standard and as a medium of exchange, it is given no value which it did not have before. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Bromley, the chemist, who was the original offender, was charged with manufacturing the wooden matches, and the medium of exchange was concentrated in the hands of the commissary "purchasing agent". The Test Colony That wondrous monument of human ingenuity commonly known as "army hardtack" formed the standard medium of exchange between the industrious fruit dealer and his overworked customer. The Utah Batteries: A History A complete account of the muster-in, sea voyage, battles, skirmishes and barrack life of the Utah batteries, together with biographies of officers and muster-out rolls. No community, however, begins to reap the clear advantages of exchange until some universally acceptable medium of exchange is discovered and accepted. Rural Health and Welfare And was it a matter of no consequence that they had an abundant medium of exchange? The Value of Money 2011-01-04T03:01:12.363Z This operation arises from choosing gold as the standard of prices and as the medium of exchange. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z In the former capacity they supply the world with the major part of its medium of exchange and serve as distributing agents for that portion of the supply which comes from other sources. Banking If you know a better medium of exchange, all right; but it will always be 'money.' Anarchism A Criticism and History of the Anarchist Theory Tobacco was the most common medium of exchange. The Southern Soldier Boy A Thousand Shots for the Confederacy In general, Menger's list meets the requirements often laid down for a good medium of exchange. The Value of Money 2011-01-04T03:01:12.363Z If such media of exchange are of common usage in the community they will be resorted to in practice even for legal-tender payments. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z On account of its right to issue notes against commercial securities, the Imperial Bank has the power to meet the demands made upon it and to supply the country with an elastic medium of exchange. Banking The Russians also consume a large quantity of this article, and in the north of Tartary it serves as the only medium of exchange. The International Monthly, Volume 5, No. 3, March, 1852 Salaries and fees were paid in tobacco, fines were levied in tobacco; it was the medium of exchange in England as well as in Virginia. Seaport in Virginia George Washington's Alexandria We have cases where the measure of values and the medium of exchange are different. The Value of Money 2011-01-04T03:01:12.363Z In the East the medium of exchange is paper or new gold by weight. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z After trade had become pretty well established, it became necessary to have a medium of exchange. History of Human Society There was no medium of exchange at all. Ultima Thule It is also imported in its other character of a medium of exchange, to pay some debt due to the country, either for goods exported or on any other account. Principles Of Political Economy Abridged with Critical, Bibliographical, and Explanatory Notes, and a Sketch of the History of Political Economy The Virginians commonly thought in pounds, shillings and pence, even when using tobacco as a medium of exchange. The Value of Money 2011-01-04T03:01:12.363Z Thus the relation of the prices of goods to our media of exchange has been practically omitted. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z The great Englishman is also too clear-sighted to accept the fallacious doctrines of the money-changers in regard to the medium of exchange. The Arena Volume 18, No. 92, July, 1897 For it had been discovered that the Moon craters were extraordinarily rich in gold, and gold was still the medium of exchange on Earth. Astounding Stories of Super-Science, August 1930 The second function is that of a medium of exchange. Principles Of Political Economy Abridged with Critical, Bibliographical, and Explanatory Notes, and a Sketch of the History of Political Economy When the medium of exchange diverges in value from the ultimate standard, as in the case of the American Greenbacks during the period from 1862 to 1879, we have, sometimes, shifting relations among the functions. The Value of Money 2011-01-04T03:01:12.363Z And yet the price-making process generally precedes the creation of the usual banking media of exchange by which most goods are exchanged. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z On page 123 of his work on “Political Economy” he says: Money is a medium of exchange. The Arena Volume 18, No. 92, July, 1897 They could not serve either as a medium of exchange or as a measure of value. The Paper Moneys of Europe Their Moral and Economic Significance Meanwhile there has been a change in the character of the medium of exchange. The Next Step A Plan for Economic World Federation To a considerable extent, however, gold was used in reserves, and even as a medium of exchange. The Value of Money 2011-01-04T03:01:12.363Z This seems at once to indicate that in places where notes are the most important medium of exchange a connection of some sort exists between the issue of notes and the establishment of branches. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Money is the authorized medium of exchange; coined money is called coin or specie. English Synonyms and Antonyms With Notes on the Correct Use of Prepositions One of the needs of the colony was a medium of exchange: something that could be used for money. Agriculture in Virginia, 1607-1699 Money, with its abstract standards of value, is not only a medium of exchange, but at the same time symbol par excellence of the economic nature of modern competitive society. Introduction to the Science of Sociology The major part of the medium of exchange function arises from this. The Value of Money 2011-01-04T03:01:12.363Z Bank notes, like bank checks, are mere promises to pay money and are more convenient than money because they can be created as need for a medium of exchange arises. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z The use of tobacco as money caused a great amount of trouble, and the Virginians were not slow to take advantage of any fluctuation in the value of their medium of exchange. Patrician and Plebeian Or The Origin and Development of the Social Classes of the Old Dominion The principal and most essential use of gold is as a standard of value and a medium of exchange. The Economic Aspect of Geology Under the old system buying and selling were carried on by the use of money, and money ceased to be a stable medium of exchange in Europe. The American Empire For a given owner, it can serve only once as a medium of exchange. The Value of Money 2011-01-04T03:01:12.363Z In this way he is constantly converting one of the two media of exchange into the other. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z The rich man requires money principally as a means of payment, the poor man as a medium of exchange. Principles Of Political Economy After a few years, however, copper coins came into use as media of exchange in addition to silver, and moreover there was much smuggling of foreign goods. A History of the Japanese People From the Earliest Times to the End of the Meiji Era Barter was the simplest form of trading among primitive communities, but its inconveniences led, at an early stage of civilization, to the adoption of metals as mediums of exchange. Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 3 "Banks" to "Bassoon" It was only by being a valuable object, and commonly only by being a medium of exchange, that the money could have become a means of legal quittance in the first place. The Value of Money 2011-01-04T03:01:12.363Z Under such conditions paper money is commonly thought to be the cheapest medium of exchange. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z W. B. Hermann doubts, however, whether cattle were ever used as a medium of exchange. Principles Of Political Economy Cotton cloth and rice served as principal media of exchange. A History of the Japanese People From the Earliest Times to the End of the Meiji Era Oxen and sheep, grain and slaves, were the common mediums of exchange. Ancient States and Empires The medium of exchange must also have value, or else be a representative of something which has value. The Value of Money 2011-01-04T03:01:12.363Z Price-making generally precedes the demand upon the media of exchange, and does not at all imply any necessary demand at the moment upon the standard in which the prices are expressed.... Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z D. The frequent occurrence of heavy commercial payments, which finds expression especially in the magnitude and costliness of the most usual medium of exchange. Principles Of Political Economy The first business of the Government should have been to replace these unsecured tokens with uniform and sound media of exchange. A History of the Japanese People From the Earliest Times to the End of the Meiji Era Perhaps the most plausible theory is that which views the phrase as a heritage from our simian ancestors, among whom nuts were the common medium of exchange. Punch, or the London Charivari, Vol. 147, August 19th, 1914 Standard money is also commonly a medium of exchange. The Value of Money 2011-01-04T03:01:12.363Z There the business creates for itself quasi-automatically its own medium of exchange. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z Then in reality we would pay our debts abroad in American produce at a fair price and keep our money at home, where it belongs, as a medium of exchange. One Thousand Secrets of Wise and Rich Men Revealed Hitherto native cloth had been the sole medium of exchange. Celebrated Travels and Travellers Part III. The Great Explorers of the Nineteenth Century The medium of exchange was varied in the extreme, and ranged from British, French and Egyptian coins to tins of bully beef, army jam, badges and the like. The Tale of a Trooper The bill of exchange differs from the promissory note in practice, however, in that it itself is often a medium of exchange, without going into the bank's portfolio. The Value of Money 2011-01-04T03:01:12.363Z That is, the quantity of the actual media of exchange thus brought into use is a result and not a cause of the price-making process.... Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z One of the uppermost features in our civilization today is our national medium of exchange, called "money." One Thousand Secrets of Wise and Rich Men Revealed To the southwest were the radical Bolsheviki, who, obtaining knowledge of these rich deposits of gold, might start a land force across country to secure this much needed medium of exchange. Panther Eye A thousand years later, under Merodach-nadin-akhi, cash had become the necessary medium of exchange. Babylonians and Assyrians, Life and Customs The function of "medium of exchange," and other functions to be analyzed in a later chapter on that topic, do involve the actual employment of money, and are sources of value for money. The Value of Money 2011-01-04T03:01:12.363Z Pausanias mentions their use in this way, and in Central Africa and some other places where slavery still flourishes, they are the medium of exchange along with cattle and ivory tusks. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z The real inconvenience which is commonly called "scarcity of money" is not a shortness in the medium of exchange, but is a weakening and diminution of credit, due to over-trading. The World's Greatest Books — Volume 14 — Philosophy and Economics By far the greater part, however, is used as a commercial medium of exchange—that is, as coin. Commercial Geography A Book for High Schools, Commercial Courses, and Business Colleges The shekel and the maneh were the only medium of exchange. Babylonians and Assyrians, Life and Customs And it does this not merely by acting as a medium of exchange. The Value of Money 2011-01-04T03:01:12.363Z Hence the medium of exchange should have certain distinct marks which nobody can mistake. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z In the absence of money or a general medium of exchange, society would be restricted to the cumbersome method of barter. The World's Greatest Books — Volume 14 — Philosophy and Economics The commissariat receipts were, however, the chief medium of exchange: they were acknowledgements of the delivery of goods for the use of the crown. The History of Tasmania, Volume I It made a study of crops best adapted to the frontier; it became the Strip's bureau of information and a medium of exchange—not only of ideas but of commodities. Land of the Burnt Thigh Be it noted that this common measure of values does not necessarily involve the use of a medium of exchange. The Value of Money 2011-01-04T03:01:12.363Z This would be a matter of comparatively minor importance were money used only as a measure of values at any one moment, and as a medium of exchange. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z The intragroup money needs to be especially a measure and store of value, while the intergroup money needs to be a medium of exchange. Folkways A Study of the Sociological Importance of Usages, Manners, Customs, Mores, and Morals To the Oriental, whether prince or peasant, money was regarded, not as a source of profit or a medium of exchange, but as a store of value, to be hoarded intact against a "rainy day." The New World of Islam He had not gone many steps farther before it seemed likely that he had found a quarter of the market where that medium of exchange might not be rejected. Romola The medium of exchange function grows out of the physical difficulties of barter, rather than out of intellectual needs. The Value of Money 2011-01-04T03:01:12.363Z As a medium of exchange, money has to be continually handed about, and it will occasion great trouble if every person receiving currency has to scrutinize, weigh, and test it. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z "With a civilization having no government, no police, no laws, no medium of exchange ..." Masters of Space In all commercial countries to-day, one or other of these metals, or both of them, serves as the recognized medium of exchange. Socialism A Summary and Interpretation of Socialist Principles Whiskey was not merely his chief marketable commodity: it was also his medium of exchange when money was scarce. Union and Democracy The discussion in the preceding chapter of the origin of money has emphasized the nature of the difficulties which a medium of exchange meets. The Value of Money 2011-01-04T03:01:12.363Z Corn has been the medium of exchange in remote parts of Europe from the time of the ancient Greeks to the present day. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z One outstanding feature, however, everywhere impressed an Englishman—the absolute necessity for some standard medium of exchange. A Labrador Doctor The Autobiography of Wilfred Thomason Grenfell In all ages men have exchanged their surplus products for other things more desirable to them, either directly by barter or through some medium of exchange. Socialism A Summary and Interpretation of Socialist Principles So dire was the want of a medium of exchange that many communities resorted to barter. Union and Democracy The medium of exchange function overcomes the difficulties arising from low saleability of many goods, due to limited number of possible buyers, lack of divisibility, etc., etc. The Value of Money 2011-01-04T03:01:12.363Z I will, therefore, only add briefly that a great number of manufactured commodities have been used as a medium of exchange in various times and places. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z It was a sorry mix-up, and business was very difficult to carry on because we had no medium of exchange. A Labrador Doctor The Autobiography of Wilfred Thomason Grenfell Gold has one disadvantage as a medium of exchange; it is rather too soft to wear well. The Western United States A Geographical Reader Money has been defined as the measure and standard of value, and the medium of exchange. Life and Conduct The medium of exchange function is commonly a cause of additional value for money. The Value of Money 2011-01-04T03:01:12.363Z That is, the quantity of the actual media of exchange thus brought into use is a result and not a cause of the price-making process. Readings in Money and Banking Selected and Adapted 2011-02-01T03:00:14.553Z They were useful and necessary mediums of exchange, indispensable in all commercial countries. Recollections of Forty Years in the House, Senate and Cabinet An Autobiography. If the leading nations would agree upon a fixed value for platinum, it might be used like gold as a medium of exchange. The Western United States A Geographical Reader He now assists Perky to circulate the spurious medium of exchange. Blacksheep! Blacksheep! The fact of credit may even tend to lessen the absolute value of money itself, by lessening the value that comes to money from the medium of exchange function. The Value of Money 2011-01-04T03:01:12.363Z Either would have sneered at the bare idea of taking "truck" which the other had abandoned, had the medium of exchange not been the popular Liberty Girls' Shop. Mary Louise and the Liberty Girls If we were dependent on the United States for a currency and a medium of exchange, we would have a broader and more prosperous nationality. Recollections of Forty Years in the House, Senate and Cabinet An Autobiography. We talk about money being the medium of exchange, and as such it is thought to be the best thing on earth. Joyce's Investments A Story for Girls They are of no value except as a medium of exchange. The Wonder Island Boys: Conquest of the Savages The standard of deferred payments function, as distinguished from the legal tender function and the medium of exchange function, does not add to the value of money. The Value of Money 2011-01-04T03:01:12.363Z Its material and form and denominations have been modified but the functions of money as a storage of values and as a measure of values and as a medium of exchange remain the same. Usury A Scriptural, Ethical and Economic View Specie is still the universal standard of value, but it has ceased to be even the usual medium of exchange. Recollections of Forty Years in the House, Senate and Cabinet An Autobiography. Paper money, the only medium of exchange, was fast giving way to barter. Expansion and Conflict Small T-shaped pieces of tin, moreover, were used as a medium of exchange or currency. Mexico Its Ancient and Modern Civilisation, History, Political Conditions, Topography, Natural Resources, Industries and General Development Bullion is even superior in international trade as a medium of exchange. The Value of Money 2011-01-04T03:01:12.363Z The Bank of North America was established, the notes of which were soon preferred to specie as a medium of exchange. Albert Gallatin American Statesmen Series, Vol. XIII The experience of the United States has proven this necessity and for many years our people were compelled to rely upon state bank notes as a medium of exchange, with resulting loss and bankruptcy. Recollections of Forty Years in the House, Senate and Cabinet An Autobiography. The sale of their lands, made less valuable by the extinction of game, gave them a new medium of exchange, at the same time that, under the rivalry of trade, the sale of whiskey increased. The Character and Influence of the Indian Trade in Wisconsin The rise of capitalism, the sudden development of the world-market, the substitution of a money medium of exchange for direct barter—all these new factors were doing their work. German Culture Past and Present Grain is said to have been used in ancient China as money,—not as a standard of value, but as a medium of exchange. The Value of Money 2011-01-04T03:01:12.363Z They made extensive use of shell money and fully recognised the value of any imported articles as mediums of exchange or currency. The Belief in Immortality and the Worship of the Dead, Volume I (of 3) The Belief Among the Aborigines of Australia, the Torres Straits Islands, New Guinea and Melanesia Gold, its uses, as a medium of exchange, 150. " " incorruptible and to be used for lasting things, 46. " " not therefore to be used for coinage, 46. A Joy For Ever (And Its Price in the Market) As she could speak no English, yet they must needs find a medium of exchange for their valuable views, she tried to teach him to speak Cherokee. The Ordeal A Mountain Romance of Tennessee Horses, saddles, cattle, sheep and goats, and turquoise-studded silver ornaments are the usual media of exchange in matrimonial bargains. The North American Indian The notion that the legal tender function is prior to the medium of exchange function I regard as quite indefensible. The Value of Money 2011-01-04T03:01:12.363Z Used in Siberia and Mongolia, where it also serves as a medium of exchange. The Little Tea Book There isn't any medium of exchange in Zapata's land. The Red Conspiracy The glut of indigo in Jamaica disturbed trade considerably, and for a time the imported product took the place of native sugar and indigo as a medium of exchange. The Buccaneers in the West Indies in the XVII Century Cacao was used by the Aztecs not only for the preparation of a beverage, but also as a circulating medium of exchange. Cocoa and Chocolate Their History from Plantation to Consumer The name of coins is given to pieces of metal, on which the public authority has impressed different marks to indicate their weight and value, to make them a convenient medium of exchange. Anecdotes of Painters, Engravers, Sculptors and Architects and Curiosities of Art (Vol. 3 of 3) After this they sat together learning a polyglot speech that would serve roughly as a medium of exchange. In Search of the Okapi A Story of Adventure in Central Africa We have heard endless discussions as to the nature of the future medium of exchange. The Red Conspiracy Taxes were paid on them, and they were the medium of exchange. Camp Life in the Woods and the Tricks of Trapping and Trap Making We hear men complain of the sordid love of gold, but gold is merely a medium of exchange for other things: gold is land, titles, name, comfort—all that the world can give. Sermons Preached at Brighton Third Series We require that it shall be a convenient medium of exchange between different countries, and we require of it that it shall be a fair and permanent record of obligation over long periods of time. If Not Silver, What? His observation is firstly that money is both a medium of exchange and a store of value, and secondly that storage value depends upon expected value: and then his analysis on expectations takes off. Definition & Reality in the General Theory of Political Economy In all these things of the higher life we have no recognized medium of exchange. Humanly Speaking The need for a medium of exchange is oversupplied. New York Times Current History: The European War, Vol 2, No. 1, April, 1915 April-September, 1915 It is for us to check that tendency and bring the continent of Europe back to the full recognition of the value of the metal as a medium of exchange. American Eloquence, Volume 4 Studies In American Political History (1897) It is an obvious inference that our gold coinage, however useful as a medium of exchange, does not furnish us with a standard of value fixed and unalterable. If Not Silver, What? But until within recent years there was only one coin, the copper cash, in use, bullion and paper notes being the other media of exchange. Myths and Legends of China Until quite lately there were many places in which the use of an agreed medium of exchange had not been adopted to facilitate the purposes of commerce. The Unity of Civilization Specie he places in its true light as merely a medium of exchange. Political Thought in England from Locke to Bentham No iron is found in this land; but copper, gold, and silver are not prized, and do not serve as a medium of exchange in the market. The Continental Monthly, Vol. 1, No. 5, May, 1862 Devoted To Literature And National Policy Reindeer was their medium of exchange, their unit of value as it were, and we were almost constantly engaged in cattle forays among the adjacent clans, or in protecting our own herds from their inroads. A Daughter of the Snows In Masai estimation a cow is the most valuable thing on earth, while a sheep is only a medium of exchange. African Camp Fires Johnny was not surprised at that, for in these uncertain times, American money had come to be an undisputed medium of exchange. Triple Spies Food could be purchased, but at exorbitant rates, and the medium of exchange, Confederate notes, all gone to water and waste paper. Lippincott's Magazine of Popular Literature and Science Volume 11, No. 23, February, 1873 The confederated cities were the medium of exchange between the productions of Germany, Flanders, France, and Spain; and the timber, metals, fish, furs, &c. of the countries on this sea. A General History and Collection of Voyages and Travels - Volume 18 Historical Sketch of the Progress of Discovery, Navigation, and Commerce, from the Earliest Records to the Beginning of the Nineteenth Century, By William Stevenson The Mexicans not only used chocolate as a staple article of food, but they used the seeds of the cacao tree as a medium of exchange. Chocolate and Cocoa Recipes and Home Made Candy Recipes He won a signal victory by the passage of his resolutions, which brought about resumption, and, after the bank was firmly established, gave us a sound currency and a safe medium of exchange. Daniel Webster So far, however, we have only considered the needs of man for currency; that is to say, for a medium of exchange for the time being. War-Time Financial Problems To banish either of these metals from our currency is to narrow and limit the circulating medium of exchange to the disparagement of important interests. A Compilation of the Messages and Papers of the Presidents Volume 7, part 2: Rutherford B. Hayes In these Pacific coastlands they used a white seashell as a currency and a medium of exchange. Pioneers in Canada The payment was occasionally in kind, but money was the usual medium of exchange. Early Israel and the Surrounding Nations To this point the Cape Barrow Eskimo in the old days brought their most precious medium of exchange,—a peculiar blue jade, one bead of which was worth six or seven fox-skins. The New North Rice has also come to have great importance, both as a standard of value and as a medium of exchange. The Tinguian Social, Religious, and Economic Life of a Philippine Tribe To the villagers money is only a store of value, not a medium of exchange. The Case for India The medium of exchange throughout the interior is the kowry shell, the estimated value of which has been already given. Lander's Travels The Travels of Richard Lander into the Interior of Africa And, also, so far as good things already exist, and have become media of exchange, the variations in their prices are absolutely indifferent to the nation. The Queen of the Air Being a Study of the Greek Myths of Cloud and Storm In almost every pew of a church may be found little deposit envelopes, mediums of exchange. Quiet Talks on Service Money is a medium of exchange, usually issued by a public authority and used in daily transactions, to pay tribute or taxes and to meet other general expenses. Civilization and Beyond Learning from History And then, the destruction of gold as a medium of exchange, by its gross plenty, would wreck the world with panics. The Flying Legion The selection of any money-commodity has not been mere chance, but has been the result of that object being better fitted than others to serve as a medium of exchange. Modern Economic Problems Economics Volume II Money is thus but a medium of exchange and a standard of value. Government and Administration of the United States This supposition is allowable, for it is obviously of no consequence, in a question of value, or cost of production, what precise article we assume as the medium of exchange. Essays on some unsettled Questions of Political Economy He that lately possessed it has injured me; does that alter its value as a medium of exchange? Caleb Williams Or Things as They Are The history of England and this country does not furnish a period when copper was as low as at the present time, according to its relative value with the medium of exchange. Personal Memoirs of a Residence of Thirty Years with the Indian Tribes on the American Frontiers Dollars constitute our measures of value for they are our medium of exchange of our products of labor. Industrial Progress and Human Economics Malleable, divisible, indestructible, rare, it is the indispensable medium of exchange. Stories from Everybody's Magazine The medium of exchange upon Mars is not dissimilar from our own except that the coins are oval. A Princess of Mars Gold and silver, like other articles of merchandise, are representatives of value; they have, therefore, been able to serve as common measures and mediums of exchange. System of Economical Contradictions; or, the Philosophy of Misery State bonds were issued and public lands were sold to secure capital, and the notes of the banks, loaned on security, became a medium of exchange. The Project Gutenberg Encyclopedia Volume 1 of 28 As the civil strife persists, the US dollar has become more and more the medium of exchange. The 1990 CIA World Factbook It is an interesting fact that so extensive and profitable was the early cultivation of tobacco in Virginia that it became the general medium of exchange. The Nation in a Nutshell In default of beads, the picé, a Zanzibar coin worth something more than a farthing, and vioon-gooas, shells peculiar to the East Coast, are recognized as a medium of exchange in the market. Dick Sands, the Boy Captain It is clear that the power of any person to convey his ideas and emotions to others is conditioned upon the common possession of some medium of exchange. A Study of Poetry People felt the need to create a uniform medium of exchange as early as in Ancient Greece and Medieval Europe. The Belgian Curtain Europe after Communism The use of money as a medium of exchange led naturally to a system of banking. Early European History The natives of the coast did not employ this metal in the form of ornaments or amulets only; but also as a medium of exchange. Personal Narrative of Travels to the Equinoctial Regions of America, During the Year 1799-1804 — Volume 3 The next day further trading was done, nails being the chief medium of exchange, but the natives were inclined to be smart in their dealings, and on several occasions obtained payment without delivery. The Life of Captain James Cook This idea calls to my mind those people who, in place of our kind of money, use shells as their medium of exchange. Life, Letters, and Epicurean Philosophy of Ninon de L'Enclos The Celebrated Beauty of the Seventeenth Century The currency is the medium of exchange of information regarding the present and future health of the economies involved. The Belgian Curtain Europe after Communism The lymph thus acts as a medium of exchange, in which a transfer of material takes place between the blood in the capillaries and the lymph around them. A Practical Physiology Also as a matter of course, the better coins, with each fresh debasement, passed out of the country or at any rate out of circulation, the base coins becoming the medium of exchange. England under the Tudors The traveller Burton tells us that the coarse cloth which is the medium of exchange, in fact the money of Eastern Africa, is called 'merkani.' On the Study of Words Money may be defined as anything that passes freely from hand to hand as a medium of exchange. Problems in American Democracy Money is a medium of exchange, and should not be confounded with wealth or capital; the latter is that form of wealth which is used with labor in all production. Business Hints for Men and Women He struck communities where the medium of exchange was still barter, and he found mountaineers drinking metheglin still as well as moonshine. The Trail of the Lonesome Pine The fur trade provided an abundance of beaver skins, which formed a most convenient medium of exchange. The Great Intendant : A chronicle of Jean Talon in Canada, 1665-1672 Every one likes to think that money is only a medium of exchange for labor. What to Do? Never again should the few be able to make a weapon of the people's medium of exchange in order to bring about their undoing. The Titan As has been before stated, money in its broadest meaning is a medium of exchange. Business Hints for Men and Women For many years they have pillaged the country, and after having taught the natives to regard cows as the only medium of exchange for ivory, they have at length exhausted the cattle. Ismailia Every one likes to think that money is only a medium of exchange for labor. What to Do? Thoughts Evoked By the Census of Moscow It is the money, and not the bank, that is the fixed consideration, money being the medium of exchange. The Royal Road to Health The Bontoc Igorot has a “medium of exchange” which gives a “measure of exchange value” for articles bought and sold, and which has a “standard of value.” The Bontoc Igorot In those days live stock were used as a medium of exchange, or money. Business Hints for Men and Women One can doubtless hit upon some medium of exchange that seems to do well enough, but it's no more like the real thing than money is like food. Howards End One can doubtless hit upon some medium of exchange that seems to do well enough, but it's no more like the real thing than money is like food.� Howards End He was the coin of the realm, a medium of exchange, a standard of value, an exponent of moral character. Eben Holden, a tale of the north country It is in this stage that a medium of exchange is likely to develop. The Bontoc Igorot Literacy is not only a medium of exchange between cultures; it also sets boundaries among them. The Civilization of Illiteracy Skins were in such demand that they soon came to replace hard money, which was incredibly scarce in the back country, as a medium of exchange. The Conquest of the Old Southwest; the romantic story of the early pioneers into Virginia, the Carolinas, Tennessee, and Kentucky, 1740-1790 By and by shells were adopted as a medium of exchange, and then pieces of stamped silk, linen, and deerskin. The Civilization of China This medium of exchange, gold, interested him intensely. The Financier, a novel It answers every purpose of a suitable medium of exchange. The Bontoc Igorot Cattle and slaves were the usual medium of exchange. Our Legal Heritage Gradually this community increases; the division of labour extends to countries; imports necessitate exports; a medium of exchange is required, and retailers sit in the market-place to save the time of the producers. The Republic Just as in our dealings with other countries we exchange goods instead of paying in money, so within our own frontiers money is ceasing to be the sole medium of exchange. Russia in 1919 He began to see clearly what was meant by money as a medium of exchange, and how all values were calculated according to one primary value, that of gold. The Financier, a novel Aside from this universal medium of exchange the characteristic production of each community, in a minor way, answers for the community the needs of a medium of exchange. The Bontoc Igorot In all sales the medium of exchange is entirely in coin. The Bontoc Igorot They do not know what it means to be a controller of wealth, to have that which releases the sources of social action—its medium of exchange. The Financier, a novel |
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