Share this entry

circulating medium Line breaks: cir¦cu|lat¦ing me¦dium

Definition of circulating medium in English:


A commodity used in commercial exchange, especially coins or gold.
Example sentences
  • The same cannot be said of the copper and silver coins that constituted the bulk of the circulating media.
  • As the paper money was serving as the principal circulating medium, the merchants shipped much of the nation's specie abroad to help pay for their large importations of capital and consumer goods.
  • Depression is induced by a fall in consumers' outlay due to a shrinkage of the circulating medium, and is intensified by a decline in the rapidity of the circulation of money.

Share this entry


What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day innocuous
Pronunciation: ɪˈnɒkjʊəs
not harmful or offensive