This precious metal has global appeal and has historically been a medium of exchange.
The shilling serves as well as shells or beads would as a medium of exchange.
Experiential currency is the value produced when a brand establishes an experience as a medium of exchange.
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Wall Street exists as a medium of exchange which necessitates that people trade stocks and other financial instruments.
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Technically, no, in that gold does not circulate as a medium of exchange.
They are not using it as a medium of exchange, a unit of account, or a safe store of nominal value.
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Deflation is harmful for conventional currencies because, in economist jargon, Bitcoins are a unit of account as well as a medium of exchange.
In this context, society can be defined as those mutual users willing to agree to a medium of exchange and a store of value.
In its function as a medium of exchange, medium of payment and store of value, gold is thus, in a sense, a timeless classic.
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The trader wouldn't have any interest in him as the more sumptuous part of a bacon, lettuce and tomato sandwich, but merely as a medium of exchange.
While it is included in the commodities basket it is in fact a medium of exchange and one that is officially recognised (if not publicly used as such).
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Pesos will do as a medium of exchange, if you have no other choice, but once dollars are just a click away the peso doesn't stand a chance competitively.
That writer seems oblivious to the existential threat that aggressive inflation of the supply of Federal Reserve notes poses to their viability as a medium of exchange.
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Technology explains how Visa has gained so rapidly on printed paper money as a medium of exchange, and it will determine whether Visa can hold its own against newer forms.
For nearly 5, 000 years, humans have taken a shine to gold, and it has been used as a medium of exchange by Egyptians, Romans, and governments and individuals into the modern era.
Eventually society exhausts the carrying capacity of the truly productive and leverages itself with so much debt that the private economy is crowded out or manipulates the medium of exchange in a way that destroys the purchasing power of working class people.
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The New York Stock Exchange apparently considers Al Jazeera to be more of a terror threat than a legitimate news medium, having kicked its reporters out of the exchange trading floor.
The concept of a citizen group taking responsibility for its own regional economy and finding a way to issue a medium for exchange in its own area is such a powerful image.
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