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- Medium of exchangeAccording to the Uniform Commercial Code (UCC), "money" is defined as a medium of exchange currently authorized or adopted by a domestic or foreign government12. This includes monetary units of account established by intergovernmental organizations or agreements between countries.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.(24) " Money " means a medium of exchange currently authorized or adopted by a domestic or foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more countries.www.law.cornell.edu/ucc/1/1-201Money, as defined in UCC 1 201 (b) 24 refers to a “medium of exchange” authorized by the government.incorporated.zone/ucc-1-201/
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