A unit of currency, especially one officially issued and circulated as a medium of exchange in a country or region.
Examples
The buyer paid with cash in dollars, but the vendor required monetary payment.
The country’s monetary policy is managed by the central bank.
Synonyms
Money
Currency
Antonyms
Barter
Gift
Additional Information
The term “monetary” is often used in economics and finance to describe the systems, policies, and institutions that manage currency and economic transactions. It is also used to describe the value or worth of something, such as a financial asset or a service.
Monetary systems have evolved over time, from early forms of bartering and commodity-based currencies to modern fiat currencies and digital payment systems.
The concepts of monetary policy and monetary management are crucial in maintaining economic stability, controlling inflation, and promoting economic growth.
_ETymology_
The word “monetary” comes from the Latin “moneta,” meaning “coin” or “money,” and is related to the Greek “monē,” meaning “change” or “exchange.”
_Usage Notes_
The term “monetary” is commonly used in formal and informal contexts to refer to currency, financial transactions, and economic policies. However, it is often used in more technical or specialized contexts, such as in economics and finance.
_Cultural References_
Monetary systems and currencies have been featured prominently in literature, art, and popular culture, often symbolizing power, wealth, and status.
_Idiomatic Expressions or Phrases_
Some common idiomatic expressions that include the word “monetary” include:
* “Monetary policy” refers to the actions of a central bank to control the money supply and interest rates.
* “Monetary system” refers to the system of currency, banks, and other financial institutions that manage an economy’s money supply.
* “Monetary reform” refers to changes to a country’s monetary system or currency.
_Related Words or Phrases_
Some related words or phrases that are closely related to “monetary” include:
* Currency
* Cash
* Finance
* Economics
* Banking
_Collocations_
Some common collocations with “monetary” include:
* Monetary policy
* Monetary system
* Monetary reform
* Monetary crisis
* Monetary value
_Frequency of Use_
The word “monetary” is widely used in formal and informal contexts, and is a common term in economics, finance, and business.
_Common Misspellings_
Some common misspellings of “monetary” include:
* Monotary
* Monitory
* Monitery