circulating medium
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
The circulating medium of the country is, in legal tender notes, $356,000,000.
From Monopolies and the People by Cloud, D. C.
These coupons were of no value as a circulating medium, and consequently would deprive the State of all means of carrying on the government if they were successful.
From Life Gleanings by Macon, T. J.
The local currency includes rings of gold, specially made as a circulating medium.
From Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 2 "Fairbanks, Erastus" to "Fens" by Various
Constitutional powers, of the kind last mentioned—that is, the power to ordain a standard of value and to provide a circulating medium for a legal tender—are subject to no mutations of any kind.
From Monopolies and the People by Cloud, D. C.
This became book or bank money, and the actually circulating medium was rated to it at a certain discount.
From The History of Currency, 1252 to 1896 by Shaw, William Arthur
