monetary system

  

Definition

Set of mechanisms by which a government provides money (cash) in a country's economy. It usually consists of a mint, central bank, and commercial banks.

Use monetary system in a sentence

  • The monetary system that was in place was very good and I definitely had a lot of faith that it would work good.

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  • You should always know what monetary system will give you the best exchange rate when you are dealing with someone from another country.

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  • When you are doing business with someone from another country it may be beneficial to use their monetary system as payment.

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