circulating medium

noun
1.
any coin or note passing, without endorsement, as a medium of exchange.
2.
such coins or notes collectively.

Origin:
1790–1800

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
circulating medium
 
n
finance currency serving as a medium of exchange

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Circulating medium is always a great word to know.
So is bezoar. Does it mean:
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
a stew of meat, vegetables, potatoes, etc.
Example sentences
Make such provisions now, that hereafter there be no diminution of the
  circulating medium of the country.
Air is used instead of a drilling mud as the circulating medium to cool the bit
  and remove the bit-drilled cuttings from the hole.
Synthetic ammonia is then added to the circulating medium to regenerate the
  magnesium hydroxide.
The country must be safeguarded against the overexpansion or unjust contraction
  of either credit or circulating medium.
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