value in exchange

value in exchange definition - business

value in exchange

The value of something in terms of the goods or services for which it can be exchanged. While specie (for example, a gold coin) possesses an intrinsic value, paper money is generally desirable only for its value in exchange.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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