# medium of exchange Summary::Popularly used (misused) to describe money. >[!Ref] Lexicon ># medium of exchange (lex) > >a good used to facilitate the exchange of other [goods](https://www.freemarketcenter.com/lexicon/index.html#good). > >------------- > >(media pl.) > >Any good, such as money (q.v.), which people seek for use in exchange rather than for consumption or use in production. A highly marketable good for which one first exchanges his less marketable wares or services so as to be able to offer a more acceptable good to the sellers of goods and services one seeks to buy. Any good which, because of popular acceptance, serves to facilitate indirect exchange (q.v.). > >[[Human Action - Mises (HA)]] 208-09,398,401-02,462-66,780; [[Theory of Money and Credit (M.)]] 29-34; also [[Understanding the Dollar Crisis (PLG.)]] 141-44, 153-54, 163. --- # References